306 Cedar Stone CtFlorenceMS39073
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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 Florence at 306 Cedar Stone Ct, Florence, MS, 39073 priced at $379,000 converts $2,418/mo rent into $99/mo cash flow after a $1,855/mo obligation. Total monthly income equals $2,418/mo, and annual cash flow totals $1,185/yr on $125,639 invested. Return on cash invested prints 20.85% in year one, and rental yield reads 7.66% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 107.81% and total cumulative return in cash sums $135,455. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,418/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.30 Acres lot
$N/A/sqft
No 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: Chuck L McGee • McGee Realty Services
Mls Name: MLS United
Mls ID: #4129699