423 Patrick Farms DrPearlMS39208
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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 Pearl at 423 Patrick Farms Dr, Pearl, MS, 39208 priced at $268,900 converts $2,310/mo rent into $650/mo cash flow after a $1,316/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $7,795/yr on $89,140 invested. Return on cash invested prints 28.65% in year one, and rental yield reads 10.31% against a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation compiles into $74,292 by year five. Five-year ROI reaches 149.74% and total cumulative return in cash sums $133,480. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $1,316/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.25 Acres lot
$N/A/sqft
$45 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39208, Pearl, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 8,998 (64.8%) |
| Renter Occupied HU | 4,011 (28.9%) |
| Vacant Housing Units | 871 ( 6.3%) |
| Median Home Value | $177,888 |
| Average Home Value | $221,845 |
Housing Distribution
Address Breakdown
Residential
12,750
Single Family
10,721
Multi-Family
2,029
Businesses
1,119
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Listed by: Meaghan Murphy • Home Again Realty
Mls Name: MLS United
Mls ID: #4096393
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.