280 Corinth RdPetalMS39465
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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 Petal at 280 Corinth Rd, Petal, MS, 39465 priced at $224,900 converts $1,619/mo rent into $243/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,619/mo, and annual cash flow totals $2,910/yr on $74,554 invested. Return on cash invested prints 23.81% in year one, and rental yield reads 8.64% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 123.71% and total cumulative return in cash sums $92,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,619/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1969
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39465, Petal, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,448 (100%) |
| Owner Occupied HU | 7,220 (76.4%) |
| Renter Occupied HU | 1,600 (16.9%) |
| Vacant Housing Units | 628 ( 6.6%) |
| Median Home Value | $217,637 |
| Average Home Value | $244,005 |
Housing Distribution
Address Breakdown
Residential
9,391
Single Family
9,391
Multi-Family
0
Businesses
640
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Listed by: Chandler Farris • Farris Property Group
Mls Name: HSMLS
Mls ID: #144678