38 Church StLakeMS39092
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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 Lake at 38 Church St, Lake, MS, 39092 generates $2,495/mo in rent and, after a $1,566/mo payment, leaves $537/mo in cash flow. Total monthly income is $2,495/mo, and annual cash flow is $6,444/yr on $106,080 invested. Return on cash invested sits at 25.98% in year one, and rental yield is 9.36% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 135.31% and total cumulative return in cash sums $143,535. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,495/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39092, Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,170 (100%) |
| Owner Occupied HU | 859 (73.4%) |
| Renter Occupied HU | 189 (16.2%) |
| Vacant Housing Units | 122 (10.4%) |
| Median Home Value | $114,875 |
| Average Home Value | $146,292 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,153
Multi-Family
0
Businesses
60
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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