604 1st AvePurvisMS39475
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 Purvis at 604 1st Ave, Purvis, MS, 39475 uses $54,698 cash to close to unlock $3,454/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,298/mo, and a $808/mo payment keeps the spread at $288/mo. Purchase price stands at $165,000, and rental yield measures 9.44% with $1,298/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 136.59% and total cumulative return in cash records $74,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,298/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39475, Purvis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,555 (100%) |
| Owner Occupied HU | 4,147 (74.7%) |
| Renter Occupied HU | 983 (17.7%) |
| Vacant Housing Units | 425 ( 7.7%) |
| Median Home Value | $222,759 |
| Average Home Value | $227,317 |
Housing Distribution
Address Breakdown
Residential
5,357
Single Family
5,301
Multi-Family
56
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Knight • Keller Williams
Mls Name: HSMLS
Mls ID: #144831