601 S 5th AveClevelandMS38732
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
Investment property for sale in Cleveland at 601 S 5th Ave, Cleveland, MS, 38732 listed at $138,500 pairs $1,040/mo rent with a $678/mo payment to leave $101/mo cash flow. Total monthly income runs $1,040/mo, and annual cash flow reaches $1,210/yr on $45,913 cash to close. Return on cash invested measures 22.54% in year one, and rental yield registers 9.01% at a $138,500 basis. Equity gained on principal adds $894/yr, and annual property appreciation at 5% supports $38,265 by year five. Five-year ROI tracks 117.74% and total cumulative return in cash totals $54,055. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,040/mo property income relative to a $678/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anita Griffith • Griffith Real Estate, Inc.
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104186