2204 Old Bay Springs RdLaurelMS39440
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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
Investment property for sale in Laurel at 2204 Old Bay Springs Rd, Laurel, MS, 39440 earns $1,072/mo cash flow from $3,030/mo rent with a $1,566/mo payment. Total monthly income totals $3,030/mo, and annual cash flow totals $12,864/yr on $106,080 capital. ROI tracks 32.04% on current figures, and rental yield reads 11.36% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 167.76% and total cumulative return in cash sums $177,963. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,030/mo property income instead of your personal income.
Single Family
Built in 1966
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39440, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 4,317 (50.5%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 1,057 (12.4%) |
| Median Home Value | $128,459 |
| Average Home Value | $182,011 |
Housing Distribution
Address Breakdown
Residential
7,887
Single Family
7,358
Multi-Family
529
Businesses
1,223
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Listed by: Melissa Walters • Laurel Hometown Realty LLC
Mls Name: LBOR
Mls ID: #36849