24 John Griffith RdLaurelMS39443
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 Laurel at 24 John Griffith Rd, Laurel, MS, 39443 priced at $250,000 pairs $1,855/mo rent with $316/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,855/mo, and annual cash flow comes to $3,797/yr on $82,875 invested. Return on cash invested is 24.49% in year one, and rental yield stands at 8.9% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 127.4% and total cumulative return in cash reaches $105,586. For financing, Ziffy Mortgage’s DSCR program evaluates $1,855/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39443, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,252 (100%) |
| Owner Occupied HU | 7,644 (74.6%) |
| Renter Occupied HU | 1,499 (14.6%) |
| Vacant Housing Units | 1,109 (10.8%) |
| Median Home Value | $165,051 |
| Average Home Value | $195,475 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
10,197
Multi-Family
0
Businesses
333
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Nearby investment properties with comparable prices
Listed by: Nicky Coto-Paz • Red Fox Realty
Mls Name: LBOR
Mls ID: #36854
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.