38 Lee RdLenaMS39094
Nearby investment properties with comparable rents
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 Lena at 38 Lee Rd, Lena, MS, 39094 offers $1,503/mo rent that, after a $954/mo payment, leaves $310/mo cash flow. Total monthly income is $1,503/mo, and annual cash flow is $3,721/yr on $64,643 cash. Return on cash invested measures 25.67% in year one, and rental yield stands at 9.25% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 133.69% and total cumulative return in cash reaches $86,422. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,503/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39094, Lena, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,776 (100%) |
| Owner Occupied HU | 1,324 (74.5%) |
| Renter Occupied HU | 207 (11.7%) |
| Vacant Housing Units | 245 (13.8%) |
| Median Home Value | $128,914 |
| Average Home Value | $171,412 |
Housing Distribution
Address Breakdown
Residential
1,620
Single Family
1,620
Multi-Family
0
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Bjorn P Gipson • BHHS Ann Prewitt Realty
Mls Name: MLS United
Mls ID: #4087729
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.