302 Bay StPurvisMS39475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 302 Bay St, Purvis, MS, 39475 offers $1,412/mo rent that, after a $876/mo payment, leaves $260/mo cash flow. Total monthly income is $1,412/mo, and annual cash flow is $3,126/yr on $59,339 cash. Return on cash invested measures 25.18% in year one, and rental yield stands at 9.47% at a $179,000 entry. Equity gained on principal adds $1,155/yr while 5% annual appreciation compounds into $49,454 by year five. Five-year ROI records 131.45% and total cumulative return in cash reaches $78,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,412/mo property income versus a $876/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.40 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: Hillary Copeland • Epique Realty
Mls Name: HSMLS
Mls Provider:
Mls ID: #141773
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.