23 E Spruce StSumrallMS39482
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 Sumrall at 23 E Spruce St, Sumrall, MS, 39482 priced at $267,500 converts $2,648/mo rent into $1,011/mo cash flow after a $1,309/mo obligation. Total monthly income equals $2,648/mo, and annual cash flow totals $12,136/yr on $88,676 invested. Return on cash invested prints 33.59% in year one, and rental yield reads 11.88% against a $267,500 entry. Equity gained on principal adds $1,726/yr, while 5% annual appreciation compiles into $73,905 by year five. Five-year ROI reaches 176.19% and total cumulative return in cash sums $156,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,648/mo property income covering a $1,309/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39482, Sumrall, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,727 (100%) |
| Owner Occupied HU | 3,859 (81.6%) |
| Renter Occupied HU | 548 (11.6%) |
| Vacant Housing Units | 320 ( 6.8%) |
| Median Home Value | $233,377 |
| Average Home Value | $273,864 |
Housing Distribution
Address Breakdown
Residential
4,611
Single Family
4,611
Multi-Family
0
Businesses
176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashlin McMahon Grant • Vines Realty & Land
Mls Name: HSMLS
Mls ID: #144598