604 S Leflore 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
Rental property for sale in Cleveland at 604 S Leflore Ave, Cleveland, MS, 38732 generates $1,721/mo in rent and, after a $1,028/mo payment, leaves $436/mo in cash flow. Total monthly income is $1,721/mo, and annual cash flow is $5,229/yr on $69,615 invested. Return on cash invested sits at 27.42% in year one, and rental yield is 9.83% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 143.04% and total cumulative return in cash sums $99,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,721/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.27 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: Marie Ware • Griffith Real Estate, Inc.
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104256