507 Reed DrClevelandMS38732
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Nearby investment properties with comparable prices
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 Reed Dr, Cleveland, MS, 38732 with 5% annual appreciation on a $221,220 basis while $2,467/mo rent supports operations. Total monthly income totals $2,467/mo and a $1,083/mo payment preserves $768/mo for cash returns. Annual cash flow comes to $9,215/yr on $73,334 deployed, and return on cash invested reaches 32.47% in year one. Equity gained on principal adds $1,428/yr, and five-year appreciation sums $61,119 alongside rental yield of 13.38%. Five-year ROI measures 172.17% and total cumulative return in cash totals $126,262.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,467/mo property income versus a $1,083/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
N/A 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: N/A • N/A
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