271 Howell Mill RdLucedaleMS39452
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
Investment property for sale in Lucedale at 271 Howell Mill Rd, Lucedale, MS, 39452 uses $49,394 cash to close to unlock $2,994/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,161/mo, and a $729/mo payment keeps the spread at $249/mo. Purchase price stands at $149,000, and rental yield measures 9.35% with $1,161/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 135.31% and total cumulative return in cash records $66,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,161/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen S Wright • Karen Wright Realty, LLC.
Mls Name: MLS United
Mls ID: #4124176