308 S Bolivar AveClevelandMS38732
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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 308 S Bolivar Ave, Cleveland, MS, 38732 offers $2,309/mo rent that, after a $1,444/mo payment, leaves $504/mo cash flow. Total monthly income is $2,309/mo, and annual cash flow is $6,043/yr on $97,793 cash. Return on cash invested measures 26.09% in year one, and rental yield stands at 9.39% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 135.9% and total cumulative return in cash reaches $132,902. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,309/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,250 sqft 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
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Listed by: Marie Ware • Griffith Real Estate, Inc.
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104366