389 N Ruby AveRulevilleMS38771
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 Ruleville at 389 N Ruby Ave, Ruleville, MS, 38771 offers $3,236/mo rent that, after a $1,591/mo payment, leaves $1,247/mo cash flow. Total monthly income is $3,236/mo, and annual cash flow is $14,962/yr on $107,738 cash. Return on cash invested measures 33.8% in year one, and rental yield stands at 11.95% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 177.21% and total cumulative return in cash reaches $190,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,236/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1933
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38771, Ruleville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,105 (100%) |
| Owner Occupied HU | 624 (56.5%) |
| Renter Occupied HU | 393 (35.6%) |
| Vacant Housing Units | 88 ( 8.0%) |
| Median Home Value | $106,967 |
| Average Home Value | $133,566 |
Housing Distribution
Address Breakdown
Residential
1,002
Single Family
908
Multi-Family
94
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Steen • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4135395