454 Old Enochs RdFlorenceMS39073
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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 Florence at 454 Old Enochs Rd, Florence, MS, 39073 priced at $214,900 converts $816/mo rent into after a $1,052/mo obligation. Total monthly income equals $816/mo. Return on cash invested prints 11.5% in year one, and rental yield reads 4.56% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 57.67% and total cumulative return in cash sums $41,082. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $816/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
4.77 Acres 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: Melissa McGee • McGee Realty Services
Mls Name: MLS United
Mls ID: #4137476