312 Bullock CirRichlandMS39218
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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 Richland at 312 Bullock Cir, Richland, MS, 39218 generates $2,228/mo in rent and, after a $1,351/mo payment, leaves $414/mo in cash flow. Total monthly income is $2,228/mo, and annual cash flow is $4,967/yr on $91,494 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 9.69% on a $276,000 entry. Equity gained on principal adds $1,781/yr, while 5% annual appreciation builds toward $76,254 over five years. Five-year ROI reaches 132.46% and total cumulative return in cash sums $121,189. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,228/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
0.50 Acres lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39218, Richland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,787 (64.0%) |
| Renter Occupied HU | 773 (27.7%) |
| Vacant Housing Units | 233 ( 8.3%) |
| Median Home Value | $169,424 |
| Average Home Value | $194,079 |
Housing Distribution
Address Breakdown
Residential
2,965
Single Family
2,261
Multi-Family
704
Businesses
526
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Listed by: Nice Shirley Bowman • Home Again Realty
Mls Name: MLS United
Mls ID: #4101567
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.