48 Hoy RdLaurelMS39443
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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
Investment property for sale in Laurel at 48 Hoy Rd, Laurel, MS, 39443 uses $51,383 cash to close to unlock $2,798/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,182/mo, and a $759/mo payment keeps the spread at $233/mo. Purchase price stands at $155,000, and rental yield measures 9.15% with $1,182/mo rent. Return on cash invested shows 25.35% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 132.03% and total cumulative return in cash records $67,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,182/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1982
10,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39443, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,252 (100%) |
| Owner Occupied HU | 7,644 (74.6%) |
| Renter Occupied HU | 1,499 (14.6%) |
| Vacant Housing Units | 1,109 (10.8%) |
| Median Home Value | $165,051 |
| Average Home Value | $195,475 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
10,197
Multi-Family
0
Businesses
333
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Listed by: Joel Thaxton • Woodland Realty, Inc.
Mls Name: LBOR
Mls ID: #36977