507 Deering StClevelandMS38732
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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 Cleveland at 507 Deering St, Cleveland, MS, 38732 earns $191/mo cash flow from $876/mo rent with a $538/mo payment. Total monthly income totals $876/mo, and annual cash flow totals $2,293/yr on $36,465 capital. ROI tracks 26.2% on current figures, and rental yield reads 9.56% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 136.73% and total cumulative return in cash sums $49,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $876/mo property income instead of your personal income.
Single Family
Built in 1951
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
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Listed by: Meredith Burchfield • Partnership Properties
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104240