5 Spruce StOaklandMS38948
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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 Oakland at 5 Spruce St, Oakland, MS, 38948 listed at $779,000 pairs $5,647/mo rent with a $3,813/mo payment to leave $880/mo cash flow. Total monthly income runs $5,647/mo, and annual cash flow reaches $10,557/yr on $256,291 cash to close. Return on cash invested measures 24.18% in year one, and rental yield registers 8.7% at a $779,000 basis. Equity gained on principal adds $5,027/yr, and annual property appreciation at 5% supports $215,223 by year five. Five-year ROI tracks 125.61% and total cumulative return in cash totals $321,938. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,647/mo property income relative to a $3,813/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1908
34.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38948, Oakland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,204 (100%) |
| Owner Occupied HU | 780 (64.8%) |
| Renter Occupied HU | 170 (14.1%) |
| Vacant Housing Units | 254 (21.1%) |
| Median Home Value | $86,447 |
| Average Home Value | $118,173 |
Housing Distribution
Address Breakdown
Residential
1,018
Single Family
1,018
Multi-Family
0
Businesses
42
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Listed by: Robin Lea • Gold Key Realty LLC
Mls Name: MLS United
Mls ID: #4106187