5174 Old Hillsboro RdForestMS39074
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 Forest at 5174 Old Hillsboro Rd, Forest, MS, 39074 offers $3,624/mo rent that, after a $2,790/mo payment, leaves $136/mo cash flow. Total monthly income is $3,624/mo, and annual cash flow is $1,629/yr on $187,530 cash. Return on cash invested measures 20.93% in year one, and rental yield stands at 7.63% at a $570,000 entry. Equity gained on principal adds $3,678/yr while 5% annual appreciation compounds into $157,480 by year five. Five-year ROI records 108.19% and total cumulative return in cash reaches $202,885. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,624/mo property income versus a $2,790/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
17.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Listed by: Stephanie P Cummins • Front Gate Realty LLC
Mls Name: MLS United
Mls ID: #4087899
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.