524 Lakeshore DrColumbusMS39705
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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
Rental property for sale in Columbus at 524 Lakeshore Dr, Columbus, MS, 39705 offers $3,544/mo rent that, after a $2,374/mo payment, leaves $549/mo cash flow. Total monthly income is $3,544/mo, and annual cash flow is $6,590/yr on $160,778 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 8.77% at a $485,000 entry. Equity gained on principal adds $3,130/yr while 5% annual appreciation compounds into $133,997 by year five. Five-year ROI records 124.82% and total cumulative return in cash reaches $200,678. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,544/mo property income versus a $2,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39705, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,554 (100%) |
| Owner Occupied HU | 3,494 (53.3%) |
| Renter Occupied HU | 2,286 (34.9%) |
| Vacant Housing Units | 774 (11.8%) |
| Median Home Value | $239,766 |
| Average Home Value | $273,247 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
5,542
Multi-Family
1,075
Businesses
832
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Listed by: Colin Krieger • RE/MAX PARTNERS
Mls Name: Greater Golden Triangle Realtors
Mls ID: #24-790
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.