2136 Lela DrMagnoliaMS39652
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Magnolia at 2136 Lela Dr, Magnolia, MS, 39652 priced at $625,000 converts $1,800/mo rent into after a $3,059/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 8.24% in year one, and rental yield reads 3.46% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 40.18% and total cumulative return in cash sums $82,621. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in N/A
50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39652, Magnolia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 2,697 (66.6%) |
| Renter Occupied HU | 617 (15.2%) |
| Vacant Housing Units | 736 (18.2%) |
| Median Home Value | $105,368 |
| Average Home Value | $149,638 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
3,319
Multi-Family
36
Businesses
211
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Listed by: Brandon Wilkins • National Land Realty, Southeastern LA
Mls Name: My State MLS
Mls ID: #11582004