41 E Pontotoc AvePotts CampMS38659
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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
Rental property for sale in Potts Camp at 41 E Pontotoc Ave, Potts Camp, MS, 38659 priced at $289,000 converts $2,770/mo rent into $958/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,770/mo, and annual cash flow totals $11,491/yr on $95,804 invested. Return on cash invested prints 31.9% in year one, and rental yield reads 11.5% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 167.28% and total cumulative return in cash sums $160,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,770/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1989
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38659, Potts Camp, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,225 (100%) |
| Owner Occupied HU | 855 (69.8%) |
| Renter Occupied HU | 154 (12.6%) |
| Vacant Housing Units | 216 (17.6%) |
| Median Home Value | $162,500 |
| Average Home Value | $282,061 |
Housing Distribution
Address Breakdown
Residential
1,183
Single Family
1,183
Multi-Family
0
Businesses
36
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Listed by: Kelly A Leonard • Real Estate Agency LLC
Mls Name: MLS United
Mls ID: #4094411
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.