571 W Lakeshore DrCarriereMS39426
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 Carriere at 571 W Lakeshore Dr, Carriere, MS, 39426 priced at $432,000 converts $3,710/mo rent into $906/mo cash flow after a $2,114/mo obligation. Total monthly income equals $3,710/mo, and annual cash flow totals $10,870/yr on $143,208 invested. Return on cash invested prints 27.5% in year one, and rental yield reads 10.31% against a $432,000 entry. Equity gained on principal adds $2,788/yr, while 5% annual appreciation compiles into $119,354 by year five. Five-year ROI reaches 143.93% and total cumulative return in cash sums $206,119. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,710/mo property income covering a $2,114/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.32 Acres lot
$N/A/sqft
$161 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39426, Carriere, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,920 (100%) |
| Owner Occupied HU | 6,195 (78.2%) |
| Renter Occupied HU | 854 (10.8%) |
| Vacant Housing Units | 871 (11.0%) |
| Median Home Value | $229,215 |
| Average Home Value | $248,083 |
Housing Distribution
Address Breakdown
Residential
7,391
Single Family
7,391
Multi-Family
0
Businesses
182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha R Ford • Ford Realty, Inc.
Mls Name: MLS United
Mls ID: #4085338
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.