604 Bailey StForestMS39074
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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
Investment property for sale in Forest at 604 Bailey St, Forest, MS, 39074 earns $296/mo cash flow from $1,275/mo rent with a $783/mo payment. Total monthly income totals $1,275/mo, and annual cash flow totals $3,553/yr on $53,007 capital. ROI tracks 26.61% on current figures, and rental yield reads 9.57% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash sums $73,578. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,275/mo property income instead of your personal income.
Single Family
Built in 1960
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Listed by: Lisa Bourgoyne • Epique
Mls Name: MLS United
Mls ID: #4097893
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.