305 Tremont DrFlorenceMS39073
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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 Florence at 305 Tremont Dr, Florence, MS, 39073 uses $118,229 cash to close to unlock $6,735/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $2,785/mo, and a $1,746/mo payment keeps the spread at $561/mo. Purchase price stands at $356,650, and rental yield measures 9.37% with $2,785/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $98,536 over five years. Five-year ROI reaches 133.47% and total cumulative return in cash records $157,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,785/mo property income covering a $1,746/mo payment rather than investor’s personal income.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
$245 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: Vicki Weaver • Weaver & Associate, LLC
Mls Name: MLS United
Mls ID: #4068283
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.