328 Concert StFlowoodMS39232
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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 Flowood at 328 Concert St, Flowood, MS, 39232 listed at $672,000 pairs $4,147/mo rent with a $3,289/mo payment to leave $35/mo cash flow. Total monthly income runs $4,147/mo, and annual cash flow reaches $418/yr on $221,088 cash to close. Return on cash invested measures 20.25% in year one, and rental yield registers 7.41% at a $672,000 basis. Equity gained on principal adds $4,336/yr, and annual property appreciation at 5% supports $185,661 by year five. Five-year ROI tracks 104.54% and total cumulative return in cash totals $231,117. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,147/mo property income relative to a $3,289/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39232, Flowood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,484 (100%) |
| Owner Occupied HU | 2,355 (52.5%) |
| Renter Occupied HU | 1,907 (42.5%) |
| Vacant Housing Units | 222 ( 5.0%) |
| Median Home Value | $296,500 |
| Average Home Value | $359,751 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
2,565
Multi-Family
1,799
Businesses
1,659
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Listed by: Constance Lyles • Proper Grounds
Mls Name: MLS United
Mls ID: #4075252
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.