394 Foster Rd #904.8FlorenceMS39073
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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
Investment property for sale in Florence at 394 Foster Rd #904.8, Florence, MS, 39073 offers a 13.13% rental yield on a $100,000 purchase with $1,094/mo rent. Total monthly income registers $1,094/mo, and a $489/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,790/yr on $33,150 to close, and return on cash invested stands at 37.38% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 196.46% and total cumulative return in cash at $65,128. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,094/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: James Carson • America's Realty- Universal
Mls Name: MLS United
Mls ID: #4075473
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.