2308 Memorial CirFloraMS39071
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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 Flora at 2308 Memorial Cir, Flora, MS, 39071 generates $2,227/mo in rent and, after a $1,248/mo payment, leaves $667/mo in cash flow. Total monthly income is $2,227/mo, and annual cash flow is $7,999/yr on $84,533 invested. Return on cash invested sits at 29.37% in year one, and rental yield is 10.48% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 153.52% and total cumulative return in cash sums $129,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,227/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39071, Flora, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,458 (100%) |
| Owner Occupied HU | 1,907 (77.6%) |
| Renter Occupied HU | 424 (17.2%) |
| Vacant Housing Units | 127 ( 5.2%) |
| Median Home Value | $268,137 |
| Average Home Value | $354,929 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
1,966
Multi-Family
112
Businesses
212
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Listed by: Zakk Varughese • HomesRX
Mls Name: MLS United
Mls ID: #4087467
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.