2907 Highway 8ClevelandMS38732
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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
Investment property for sale in Cleveland at 2907 Highway 8, Cleveland, MS, 38732 listed at $340,000 pairs $2,898/mo rent with a $1,664/mo payment to leave $818/mo cash flow. Total monthly income runs $2,898/mo, and annual cash flow reaches $9,810/yr on $112,710 cash to close. Return on cash invested measures 28.61% in year one, and rental yield registers 10.23% at a $340,000 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,936 by year five. Five-year ROI tracks 149.43% and total cumulative return in cash totals $168,426. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,898/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
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Listed by: Anthony Steen • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4136737