3005 Southaven DrHattiesburgMS39402
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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 Hattiesburg at 3005 Southaven Dr, Hattiesburg, MS, 39402 generates $2,219/mo in rent and, after a $1,446/mo payment, leaves $408/mo in cash flow. Total monthly income is $2,219/mo, and annual cash flow is $4,897/yr on $97,958 invested. Return on cash invested sits at 24.91% in year one, and rental yield is 9.01% on a $295,500 entry. Equity gained on principal adds $1,907/yr, while 5% annual appreciation builds toward $81,641 over five years. Five-year ROI reaches 129.61% and total cumulative return in cash sums $126,963. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,219/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
N/A lot
$N/A/sqft
$35 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39402, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,649 (100%) |
| Owner Occupied HU | 12,207 (59.1%) |
| Renter Occupied HU | 6,967 (33.7%) |
| Vacant Housing Units | 1,475 ( 7.1%) |
| Median Home Value | $266,080 |
| Average Home Value | $301,708 |
Housing Distribution
Address Breakdown
Residential
19,635
Single Family
15,546
Multi-Family
4,089
Businesses
1,855
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Listed by: Shelia Howard • EXIT Southern Realty
Mls Name: HSMLS
Mls Provider:
Mls ID: #139858
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.