511 Olympic DrFlowoodMS39232
Nearby investment properties with comparable rents
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
Rental property for sale in Flowood at 511 Olympic Dr, Flowood, MS, 39232 priced at $249,900 pairs $2,383/mo rent with $854/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,383/mo, and annual cash flow comes to $10,246/yr on $82,842 invested. Return on cash invested is 32.28% in year one, and rental yield stands at 11.44% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 169.08% and total cumulative return in cash reaches $140,066. For financing, Ziffy Mortgage’s DSCR program evaluates $2,383/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39232, Flowood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,484 (100%) |
| Owner Occupied HU | 2,355 (52.5%) |
| Renter Occupied HU | 1,907 (42.5%) |
| Vacant Housing Units | 222 ( 5.0%) |
| Median Home Value | $296,500 |
| Average Home Value | $359,751 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
2,565
Multi-Family
1,799
Businesses
1,659
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Listed by: Stacey Coughlin • Southern Homes Real Estate
Mls Name: MLS United
Mls ID: #4124240
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.