2762 Clear Creek RdLamarMS38642
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 Lamar at 2762 Clear Creek Rd, Lamar, MS, 38642 with 5% annual appreciation on a $112,900 basis while $891/mo rent supports operations. Total monthly income totals $891/mo and a $553/mo payment preserves $172/mo for cash returns. Annual cash flow comes to $2,059/yr on $37,426 deployed, and return on cash invested reaches 25.41% in year one. Equity gained on principal adds $729/yr, and five-year appreciation sums $31,192 alongside rental yield of 9.47%. Five-year ROI measures 132.61% and total cumulative return in cash totals $49,630.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $891/mo property income versus a $553/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38642, Lamar, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,319 (100%) |
| Owner Occupied HU | 921 (69.8%) |
| Renter Occupied HU | 182 (13.8%) |
| Vacant Housing Units | 216 (16.4%) |
| Median Home Value | $107,797 |
| Average Home Value | $163,244 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
45
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Listed by: Taz A Zettergren • Premier Realty Group, Llc
Mls Name: MLS United
Mls ID: #4086952
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.