221 N 3rd AveClevelandMS38732
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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 Cleveland at 221 N 3rd Ave, Cleveland, MS, 38732 earns $119/mo cash flow from $1,038/mo rent with a $661/mo payment. Total monthly income totals $1,038/mo, and annual cash flow totals $1,423/yr on $44,753 capital. ROI tracks 23.09% on current figures, and rental yield reads 9.23% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 120.75% and total cumulative return in cash sums $54,037. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,038/mo property income instead of your personal income.
Single Family
Built in 1960
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
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Listed by: Anthony Steen • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4125070
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.