608 Baldwin StSummitMS39666
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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
Rental property for sale in Summit at 608 Baldwin St, Summit, MS, 39666 priced at $125,000 converts $1,222/mo rent into $457/mo cash flow after a $612/mo obligation. Total monthly income equals $1,222/mo, and annual cash flow totals $5,483/yr on $41,438 invested. Return on cash invested prints 33.14% in year one, and rental yield reads 11.73% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 173.71% and total cumulative return in cash sums $71,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,222/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 2006
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39666, Summit, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,389 (69.3%) |
| Renter Occupied HU | 834 (17.1%) |
| Vacant Housing Units | 665 (13.6%) |
| Median Home Value | $181,895 |
| Average Home Value | $240,043 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,115
Multi-Family
0
Businesses
218
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Listed by: Lisa Dillon • Epique
Mls Name: MLS United
Mls ID: #4121589