501 Pratt RdUrbanaMS39577
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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 Urbana at 501 Pratt Rd, Urbana, MS, 39577 priced at $242,900 converts $2,230/mo rent into $743/mo cash flow after a $1,189/mo obligation. Total monthly income equals $2,230/mo, and annual cash flow totals $8,921/yr on $80,521 invested. Return on cash invested prints 30.99% in year one, and rental yield reads 11.02% against a $242,900 entry. Equity gained on principal adds $1,567/yr, while 5% annual appreciation compiles into $67,109 by year five. Five-year ROI reaches 162.19% and total cumulative return in cash sums $130,597. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,230/mo property income covering a $1,189/mo payment, not borrower’s personal income.
Single Family
Built in 2006
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Sherry Sheffield • Paul Hardy Properties
Mls Name: MLS United
Mls ID: #4131125