515 Mamie StHattiesburgMS39401
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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 Hattiesburg at 515 Mamie St, Hattiesburg, MS, 39401 with 5% annual appreciation on a $419,000 basis while $3,053/mo rent supports operations. Total monthly income totals $3,053/mo and a $2,051/mo payment preserves $489/mo for cash returns. Annual cash flow comes to $5,865/yr on $138,899 deployed, and return on cash invested reaches 24.13% in year one. Equity gained on principal adds $2,704/yr, and five-year appreciation sums $115,762 alongside rental yield of 8.74%. Five-year ROI measures 125.39% and total cumulative return in cash totals $174,161.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,053/mo property income versus a $2,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1911
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39401, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,590 (100%) |
| Owner Occupied HU | 8,506 (41.3%) |
| Renter Occupied HU | 9,639 (46.8%) |
| Vacant Housing Units | 2,445 (11.9%) |
| Median Home Value | $160,714 |
| Average Home Value | $190,588 |
Housing Distribution
Address Breakdown
Residential
19,583
Single Family
16,027
Multi-Family
3,556
Businesses
1,811
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Listed by: Alice Crotwell • Realty Executives The Executive Team
Mls Name: HSMLS
Mls ID: #144385