308 Barron StPetalMS39465
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
Investment property for sale in Petal at 308 Barron St, Petal, MS, 39465 uses $45,681 cash to close to unlock $2,894/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,084/mo, and a $674/mo payment keeps the spread at $241/mo. Purchase price stands at $137,800, and rental yield measures 9.44% with $1,084/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $38,072 over five years. Five-year ROI reaches 136.82% and total cumulative return in cash records $62,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,084/mo property income covering a $674/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39465, Petal, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,448 (100%) |
| Owner Occupied HU | 7,220 (76.4%) |
| Renter Occupied HU | 1,600 (16.9%) |
| Vacant Housing Units | 628 ( 6.6%) |
| Median Home Value | $217,637 |
| Average Home Value | $244,005 |
Housing Distribution
Address Breakdown
Residential
9,391
Single Family
9,391
Multi-Family
0
Businesses
640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anita George • Keller Williams
Mls Name: HSMLS
Mls ID: #142809