304 PeelerClevelandMS38732
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 Cleveland at 304 Peeler, Cleveland, MS, 38732 priced at $128,500 converts $870/mo rent into $84/mo cash flow after a $629/mo obligation. Total monthly income equals $870/mo, and annual cash flow totals $1,003/yr on $42,598 invested. Return on cash invested prints 22.26% in year one, and rental yield reads 8.12% against a $128,500 entry. Equity gained on principal adds $829/yr, while 5% annual appreciation compiles into $35,502 by year five. Five-year ROI reaches 115.41% and total cumulative return in cash sums $49,164. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $629/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.95 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robin McKnight • Partnership Properties
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104402