214 Hickory Ridge DrFlorenceMS39073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Florence at 214 Hickory Ridge Dr, Florence, MS, 39073 with 5% annual appreciation on a $235,000 basis while $1,472/mo rent supports operations. Total monthly income totals $1,472/mo and a $1,150/mo payment preserves $34/mo for cash returns. Annual cash flow comes to $409/yr on $77,903 deployed, and return on cash invested reaches 20.43% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 7.52%. Five-year ROI measures 105.63% and total cumulative return in cash totals $82,288.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,472/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dinorah Nations • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4133608