224 Westwood DrClevelandMS38732
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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 224 Westwood Dr, Cleveland, MS, 38732 uses $72,599 cash to close to unlock $8,894/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $2,184/mo, and a $1,072/mo payment keeps the spread at $741/mo. Purchase price stands at $219,000, and rental yield measures 11.97% with $2,184/mo rent. Return on cash invested shows 32.16% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 169.11% and total cumulative return in cash records $122,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,184/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 2001
7,840 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: Tracey Bell • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4111242
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.