3629 S Slayden RdLamarMS38642
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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 Lamar at 3629 S Slayden Rd, Lamar, MS, 38642 offers a 11.25% rental yield on a $312,400 purchase with $2,930/mo rent. Total monthly income registers $2,930/mo, and a $1,529/mo payment leaves $1,018/mo available for distribution. Annual cash flow reaches $12,220/yr on $103,561 to close, and return on cash invested stands at 31.71% in year one. Equity gained on principal adds $2,016/yr while 5% annual appreciation supports $86,310 over five years. Portfolio math shows five-year ROI at 166.06% and total cumulative return in cash at $171,977. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,930/mo property income against a $1,529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
13.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38642, Lamar, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,319 (100%) |
| Owner Occupied HU | 921 (69.8%) |
| Renter Occupied HU | 182 (13.8%) |
| Vacant Housing Units | 216 (16.4%) |
| Median Home Value | $107,797 |
| Average Home Value | $163,244 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
45
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Listed by: N/A • N/A
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Mls ID: #N/A