402 Concord LnFlorenceMS39073
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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 402 Concord Ln, Florence, MS, 39073 offers a 17.82% rental yield on a $165,650 purchase with $2,460/mo rent. Total monthly income registers $2,460/mo, and a $811/mo payment leaves $1,386/mo available for distribution. Annual cash flow reaches $16,631/yr on $54,913 to close, and return on cash invested stands at 50.19% in year one. Equity gained on principal adds $1,069/yr while 5% annual appreciation supports $45,766 over five years. Portfolio math shows five-year ROI at 265.62% and total cumulative return in cash at $145,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,460/mo property income against a $811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
N/A 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: N/A • N/A
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