29 Heritage DrPurvisMS39475
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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 Purvis at 29 Heritage Dr, Purvis, MS, 39475 priced at $227,350 converts $2,164/mo rent into $772/mo cash flow after a $1,113/mo obligation. Total monthly income equals $2,164/mo, and annual cash flow totals $9,270/yr on $75,367 invested. Return on cash invested prints 32.21% in year one, and rental yield reads 11.42% against a $227,350 entry. Equity gained on principal adds $1,467/yr, while 5% annual appreciation compiles into $62,813 by year five. Five-year ROI reaches 168.73% and total cumulative return in cash sums $127,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,164/mo property income covering a $1,113/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39475, Purvis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,555 (100%) |
| Owner Occupied HU | 4,147 (74.7%) |
| Renter Occupied HU | 983 (17.7%) |
| Vacant Housing Units | 425 ( 7.7%) |
| Median Home Value | $222,759 |
| Average Home Value | $227,317 |
Housing Distribution
Address Breakdown
Residential
5,357
Single Family
5,301
Multi-Family
56
Businesses
279
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Listed by: Wendy J Gay • Cadence Realty Group LLC
Mls Name: MLS United
Mls ID: #4124461