31 Bogue Homa Lake RdLaurelMS39443
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 Laurel at 31 Bogue Homa Lake Rd, Laurel, MS, 39443 priced at $215,000 converts $1,444/mo rent into $129/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,444/mo, and annual cash flow totals $1,544/yr on $71,273 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 8.06% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 114.39% and total cumulative return in cash sums $81,529. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,444/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1958
1.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39443, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,252 (100%) |
| Owner Occupied HU | 7,644 (74.6%) |
| Renter Occupied HU | 1,499 (14.6%) |
| Vacant Housing Units | 1,109 (10.8%) |
| Median Home Value | $165,051 |
| Average Home Value | $195,475 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
10,197
Multi-Family
0
Businesses
333
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lee Boyette, Cne, Gri, Srs • Woodland Realty, Inc.
Mls Name: LBOR
Mls ID: #36198
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.