231 Jodie Baxter RdLucedaleMS39452
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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 Lucedale at 231 Jodie Baxter Rd, Lucedale, MS, 39452 priced at $124,000 converts $1,034/mo rent into $275/mo cash flow after a $607/mo obligation. Total monthly income equals $1,034/mo, and annual cash flow totals $3,301/yr on $41,106 invested. Return on cash invested prints 27.94% in year one, and rental yield reads 10.01% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 145.94% and total cumulative return in cash sums $59,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,034/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
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Listed by: Patrick Merrill • Coldwell Banker Smith Home Rltrs-Gautier
Mls Name: MLS United
Mls ID: #4093663
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.