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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Smithdale at 2578 SW Highway 98, Smithdale, MS, 39664 generates $1,937/mo in rent and, after a $1,317/mo payment, leaves $290/mo in cash flow. Total monthly income is $1,937/mo, and annual cash flow is $3,486/yr on $89,174 invested. Return on cash invested sits at 23.82% in year one, and rental yield is 8.64% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash sums $110,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,937/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
5.04 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 39664, Smithdale, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,396 (100%) |
| Owner Occupied HU | 987 (70.7%) |
| Renter Occupied HU | 149 (10.7%) |
| Vacant Housing Units | 260 (18.6%) |
| Median Home Value | $157,717 |
| Average Home Value | $197,568 |
Residential
1,025
Single Family
1,025
Multi-Family
0
Businesses
22
Date | Event | Price |
|---|---|---|
| 2025-01-28 | Price change | $269,000 |
| 2024-04-10 | Price change | $279,000 |
| 2024-03-22 | Listed for sale | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $1225.36 | -0.72% | $14,230 | -0.03% |
| 2022-01-29 | $1234.19 | N/A | $14,234 | 15.26% |
| 2020-01-29 | $1234.19 | 19.77% | $12,349 | -0.08% |
Listed by: Sydney Wilson • Betsy Smith Properties
Mls Name: Southwest Mississippi BOR
Mls ID: #137979
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
