291 Lake Mike Conner RdCollinsMS39428
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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 Collins at 291 Lake Mike Conner Rd, Collins, MS, 39428 priced at $264,900 converts $821/mo rent into after a $1,297/mo obligation. Total monthly income equals $821/mo. Return on cash invested prints 8.97% in year one, and rental yield reads 3.72% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 44.11% and total cumulative return in cash sums $38,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $821/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1979
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39428, Collins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,056 (100%) |
| Owner Occupied HU | 2,856 (70.4%) |
| Renter Occupied HU | 704 (17.4%) |
| Vacant Housing Units | 496 (12.2%) |
| Median Home Value | $89,755 |
| Average Home Value | $140,447 |
Housing Distribution
Address Breakdown
Residential
3,436
Single Family
3,283
Multi-Family
153
Businesses
359
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Listed by: Lee Rigdon • Epique Realty
Mls Name: HSMLS
Mls Provider:
Mls ID: #142902
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.