2445 Herrington Ln SERuthMS39662
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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 Ruth at 2445 Herrington Ln SE, Ruth, MS, 39662 generates $1,079/mo in rent and, after a $658/mo payment, leaves $256/mo in cash flow. Total monthly income is $1,079/mo, and annual cash flow is $3,075/yr on $44,587 invested. Return on cash invested sits at 26.81% in year one, and rental yield is 9.63% on a $134,500 entry. Equity gained on principal adds $868/yr, while 5% annual appreciation builds toward $37,160 over five years. Five-year ROI reaches 139.82% and total cumulative return in cash sums $62,340. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,079/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39662, Ruth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 505 (73.0%) |
| Renter Occupied HU | 81 (11.7%) |
| Vacant Housing Units | 106 (15.3%) |
| Median Home Value | $177,220 |
| Average Home Value | $207,861 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
639
Multi-Family
0
Businesses
10
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Listed by: NOT APPLICABLE • N/A
Mls Name: Hubzu
Mls ID: #93917646507AUCN1