224 W Park StLouisvilleMS39339
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
Rental property for sale in Louisville at 224 W Park St, Louisville, MS, 39339 generates $964/mo in rent and, after a $587/mo payment, leaves $230/mo in cash flow. Total monthly income is $964/mo, and annual cash flow is $2,760/yr on $39,780 invested. Return on cash invested sits at 26.85% in year one, and rental yield is 9.64% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash sums $55,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $964/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39339, Louisville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,538 (100%) |
| Owner Occupied HU | 4,346 (66.5%) |
| Renter Occupied HU | 1,431 (21.9%) |
| Vacant Housing Units | 761 (11.6%) |
| Median Home Value | $154,350 |
| Average Home Value | $180,896 |
Housing Distribution
Address Breakdown
Residential
6,262
Single Family
6,147
Multi-Family
115
Businesses
607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly M Wilson • MCCULLOUGH REALTY LLC
Mls Name: Greater Golden Triangle Realtors
Mls ID: #24-2453
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.