3844 Millsaps DrLaurelMS39440
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
Investment property for sale in Laurel at 3844 Millsaps Dr, Laurel, MS, 39440 uses $72,267 cash to close to unlock $2,495/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $1,067/mo payment keeps the spread at $208/mo. Purchase price stands at $218,000, and rental yield measures 8.49% with $1,542/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 121.26% and total cumulative return in cash records $87,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39440, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 4,317 (50.5%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 1,057 (12.4%) |
| Median Home Value | $128,459 |
| Average Home Value | $182,011 |
Housing Distribution
Address Breakdown
Residential
7,887
Single Family
7,358
Multi-Family
529
Businesses
1,223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: April Ayers • Southside Realty
Mls Name: LBOR
Mls ID: #37162