607 Parkview DrRichlandMS39218
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 Richland at 607 Parkview Dr, Richland, MS, 39218 priced at $234,900 converts $2,192/mo rent into $754/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,192/mo, and annual cash flow totals $9,051/yr on $77,869 invested. Return on cash invested prints 31.53% in year one, and rental yield reads 11.2% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 165.12% and total cumulative return in cash sums $128,577. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,192/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1991
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39218, Richland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,787 (64.0%) |
| Renter Occupied HU | 773 (27.7%) |
| Vacant Housing Units | 233 ( 8.3%) |
| Median Home Value | $169,424 |
| Average Home Value | $194,079 |
Housing Distribution
Address Breakdown
Residential
2,965
Single Family
2,261
Multi-Family
704
Businesses
526
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Nearby investment properties with comparable prices
Listed by: Derek Havard • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4107618
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.