350 N Ruby AveRulevilleMS38771
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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 Ruleville at 350 N Ruby Ave, Ruleville, MS, 38771 offers $1,092/mo rent that, after a $710/mo payment, leaves $204/mo cash flow. Total monthly income is $1,092/mo, and annual cash flow is $2,452/yr on $48,068 cash. Return on cash invested measures 25.01% in year one, and rental yield stands at 9.04% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 130.18% and total cumulative return in cash reaches $62,576. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,092/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38771, Ruleville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,105 (100%) |
| Owner Occupied HU | 624 (56.5%) |
| Renter Occupied HU | 393 (35.6%) |
| Vacant Housing Units | 88 ( 8.0%) |
| Median Home Value | $106,967 |
| Average Home Value | $133,566 |
Housing Distribution
Address Breakdown
Residential
1,002
Single Family
908
Multi-Family
94
Businesses
109
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Listed by: Lindsay Williams • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4121559