367 Dr King DrGore SpringsMS38929
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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 Gore Springs at 367 Dr King Dr, Gore Springs, MS, 38929 priced at $389,000 converts $2,380/mo rent into after a $1,904/mo obligation. Total monthly income equals $2,380/mo. Return on cash invested prints 19.9% in year one, and rental yield reads 7.34% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 102.74% and total cumulative return in cash sums $132,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,380/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1996
5.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38929, Gore Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 458 (67.0%) |
| Renter Occupied HU | 95 (13.9%) |
| Vacant Housing Units | 131 (19.2%) |
| Median Home Value | $131,429 |
| Average Home Value | $166,512 |
Housing Distribution
Address Breakdown
Residential
655
Single Family
655
Multi-Family
0
Businesses
23
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Listed by: Robin Lea • Gold Key Realty LLC
Mls Name: MLS United
Mls ID: #4120795