4140 Highway 8ClevelandMS38732
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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 Cleveland at 4140 Highway 8, Cleveland, MS, 38732 generates $1,285/mo in rent, after a $6,779/mo payment. Total monthly income is $1,285/mo. Return on cash invested sits at 1.14% in year one, and rental yield is 1.11% on a $1,385,000 entry. Equity gained on principal adds $8,937/yr, while 5% annual appreciation builds toward $382,650 over five years. Five-year ROI reaches 2.01% and total cumulative return in cash sums $9,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,285/mo property income rather than buyer’s personal income.
Multi Family
Built in 2022
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
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Listed by: Sarah R Wright • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4128628