23 Columbus RdHattiesburgMS39402
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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
Rental property for sale in Hattiesburg at 23 Columbus Rd, Hattiesburg, MS, 39402 offers $3,143/mo rent that, after a $1,696/mo payment, leaves $1,023/mo cash flow. Total monthly income is $3,143/mo, and annual cash flow is $12,270/yr on $114,865 cash. Return on cash invested measures 30.59% in year one, and rental yield stands at 10.88% at a $346,500 entry. Equity gained on principal adds $2,236/yr while 5% annual appreciation compounds into $95,732 by year five. Five-year ROI records 160.06% and total cumulative return in cash reaches $183,847. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,143/mo property income versus a $1,696/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39402, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,649 (100%) |
| Owner Occupied HU | 12,207 (59.1%) |
| Renter Occupied HU | 6,967 (33.7%) |
| Vacant Housing Units | 1,475 ( 7.1%) |
| Median Home Value | $266,080 |
| Average Home Value | $301,708 |
Housing Distribution
Address Breakdown
Residential
19,635
Single Family
15,546
Multi-Family
4,089
Businesses
1,855
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Listed by: Allison Deus • TAD Real Estate Agency
Mls Name: HSMLS
Mls Provider:
Mls ID: #142280
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.