315 S Bolivar AveClevelandMS38732
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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
Investment property for sale in Cleveland at 315 S Bolivar Ave, Cleveland, MS, 38732 listed at $120,000 pairs $780/mo rent with a $587/mo payment. Total monthly income runs $780/mo. Return on cash invested measures 15.69% in year one, and rental yield registers 7.8% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 82.28% and total cumulative return in cash totals $32,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $780/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1940
7,405 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: Tracey Bell • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4113394
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.