315 S Cooks AveLaurelMS39440
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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 Laurel at 315 S Cooks Ave, Laurel, MS, 39440 priced at $141,680 converts $1,103/mo rent into $191/mo cash flow after a $693/mo obligation. Total monthly income equals $1,103/mo, and annual cash flow totals $2,290/yr on $46,967 invested. Return on cash invested prints 24.79% in year one, and rental yield reads 9.34% against a $141,680 entry. Equity gained on principal adds $914/yr, while 5% annual appreciation compiles into $39,144 by year five. Five-year ROI reaches 129.35% and total cumulative return in cash sums $60,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,103/mo property income covering a $693/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39440, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 4,317 (50.5%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 1,057 (12.4%) |
| Median Home Value | $128,459 |
| Average Home Value | $182,011 |
Housing Distribution
Address Breakdown
Residential
7,887
Single Family
7,358
Multi-Family
529
Businesses
1,223
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Listed by: Jerry Ford,Gri,Srs,Abr • Jerry Ford Real Estate
Mls Name: LBOR
Mls ID: #31494
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.