438 Manila StLucedaleMS39452
Nearby investment properties with comparable rents
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
Investment property for sale in Lucedale at 438 Manila St, Lucedale, MS, 39452 offers a 7.43% rental yield on a $229,000 purchase with $1,417/mo rent. Total monthly income registers $1,417/mo, and a $1,121/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $186/yr on $75,914 to close, and return on cash invested stands at 20.15% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 104.1% and total cumulative return in cash at $79,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,417/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1965
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janie L Grice • Better Homes & Gardens RE Traditions
Mls Name: MLS United
Mls ID: #4091537
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.