310 E Cherry DrPetalMS39465
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 Petal at 310 E Cherry Dr, Petal, MS, 39465 generates $1,372/mo in rent and, after a $808/mo payment, leaves $362/mo in cash flow. Total monthly income is $1,372/mo, and annual cash flow is $4,342/yr on $54,698 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 9.98% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 145.32% and total cumulative return in cash sums $79,487. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,372/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.26 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: Tarrah Lockhart • W Real Estate LLC
Mls Name: MLS United
Mls ID: #4123891