285 Sullivan Rd NMount OliveMS39119
Nearby investment properties with comparable rents
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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 Mount Olive at 285 Sullivan Rd N, Mount Olive, MS, 39119 offers $1,217/mo rent that, after a $734/mo payment, leaves $299/mo cash flow. Total monthly income is $1,217/mo, and annual cash flow is $3,591/yr on $49,725 cash. Return on cash invested measures 27.13% in year one, and rental yield stands at 9.74% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 141.57% and total cumulative return in cash reaches $70,398. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,217/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39119, Mount Olive, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,656 (69.4%) |
| Renter Occupied HU | 359 (15.1%) |
| Vacant Housing Units | 370 (15.5%) |
| Median Home Value | $119,605 |
| Average Home Value | $170,157 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,142
Multi-Family
45
Businesses
81
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Listed by: Jim Deweese • Real Broker
Mls Name: MLS United
Mls ID: #4129490