354 Trace RdLaurelMS39443
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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 354 Trace Rd, Laurel, MS, 39443 priced at $229,000 converts $1,476/mo rent into $74/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,476/mo, and annual cash flow totals $894/yr on $75,914 invested. Return on cash invested prints 21.09% in year one, and rental yield reads 7.73% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 109.09% and total cumulative return in cash sums $82,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,476/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1974
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39443, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,252 (100%) |
| Owner Occupied HU | 7,644 (74.6%) |
| Renter Occupied HU | 1,499 (14.6%) |
| Vacant Housing Units | 1,109 (10.8%) |
| Median Home Value | $165,051 |
| Average Home Value | $195,475 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
10,197
Multi-Family
0
Businesses
333
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Listed by: Kandace Monsivais, Broker • Red Fox Realty
Mls Name: LBOR
Mls ID: #37218