505 Lakeview AveMcCombMS39648
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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 McComb at 505 Lakeview Ave, McComb, MS, 39648 uses $39,117 cash to close to unlock $1,769/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $870/mo, and a $578/mo payment keeps the spread at $147/mo. Purchase price stands at $118,000, and rental yield measures 8.85% with $870/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 127.07% and total cumulative return in cash records $49,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $870/mo property income covering a $578/mo payment rather than investor’s personal income.
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39648, Mccomb, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,263 (100%) |
| Owner Occupied HU | 5,400 (52.6%) |
| Renter Occupied HU | 3,367 (32.8%) |
| Vacant Housing Units | 1,496 (14.6%) |
| Median Home Value | $121,473 |
| Average Home Value | $169,057 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,370
Multi-Family
769
Businesses
973
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Listed by: Kelly Parker • United Country-Southern States Realty
Mls Name: Southwest Mississippi BOR
Mls ID: #143290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.