240 Phillips RdSumrallMS39482
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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
Investment property for sale in Sumrall at 240 Phillips Rd, Sumrall, MS, 39482 uses $82,046 cash to close to unlock $9,850/yr annual cash flow and $821/mo monthly cash flow. Total monthly income runs $2,335/mo, and a $1,211/mo payment keeps the spread at $821/mo. Purchase price stands at $247,500, and rental yield measures 11.32% with $2,335/mo rent. Return on cash invested shows 31.91% in year one, and 5% annual appreciation builds toward $68,380 over five years. Five-year ROI reaches 167.12% and total cumulative return in cash records $137,117. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,335/mo property income covering a $1,211/mo payment rather than investor’s personal income.
Single Family
Built in 1993
N/A 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
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Listed by: Emily Griner • River Ridge Properties, LLC
Mls Name: HSMLS
Mls ID: #144444