235 Lakeview DrLelandMS38756
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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 Leland at 235 Lakeview Dr, Leland, MS, 38756 priced at $295,000 converts $2,075/mo rent into $270/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,075/mo, and annual cash flow totals $3,235/yr on $97,793 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 8.44% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 120.51% and total cumulative return in cash sums $117,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,075/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1965
1.21 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38756, Leland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,818 (100%) |
| Owner Occupied HU | 1,575 (55.9%) |
| Renter Occupied HU | 874 (31.0%) |
| Vacant Housing Units | 369 (13.1%) |
| Median Home Value | $120,052 |
| Average Home Value | $166,156 |
Housing Distribution
Address Breakdown
Residential
2,700
Single Family
2,312
Multi-Family
388
Businesses
269
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Listed by: Gaila Oliver • GAILA OLIVER REALTY
Mls Name: Greenville Area BOR
Mls ID: #89780
Disclaimer: Copyright Greenville Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.