229 Harmony St, Flowood, MS, 39232 | $174/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Flowood at 229 Harmony St, Flowood, MS, 39232 with 5% annual appreciation on a $460,000 basis while $2,988/mo rent supports operations. Total monthly income totals $2,988/mo and a $2,251/mo payment preserves $174/mo for cash returns. Annual cash flow comes to $2,082/yr on $152,490 deployed, and return on cash invested reaches 21.27% in year one. Equity gained on principal adds $2,968/yr, and five-year appreciation sums $127,090 alongside rental yield of 7.79%. Five-year ROI measures 110.09% and total cumulative return in cash totals $167,869.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,988/mo property income versus a $2,251/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 2024

3,049 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 39232, Flowood, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,484 (100%)
Owner Occupied HU	2,355 (52.5%)
Renter Occupied HU	1,907 (42.5%)
Vacant Housing Units	222 ( 5.0%)
Median Home Value	$296,500
Average Home Value	$359,751