6 Rankin RdLamarMS38642
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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 Lamar at 6 Rankin Rd, Lamar, MS, 38642 offers $1,673/mo rent that, after a $1,072/mo payment, leaves $333/mo cash flow. Total monthly income is $1,673/mo, and annual cash flow is $3,993/yr on $72,599 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 9.17% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 132.26% and total cumulative return in cash reaches $96,021. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,673/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38642, Lamar, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,319 (100%) |
| Owner Occupied HU | 921 (69.8%) |
| Renter Occupied HU | 182 (13.8%) |
| Vacant Housing Units | 216 (16.4%) |
| Median Home Value | $107,797 |
| Average Home Value | $163,244 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
45
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Listed by: Carrie E Stewart • Regency Realty, Llc
Mls Name: MLS United
Mls ID: #4111144
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.