608 Peters 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
Investment property for sale in Summit at 608 Peters St, Summit, MS, 39666 with 5% annual appreciation on a $189,500 basis while $1,478/mo rent supports operations. Total monthly income totals $1,478/mo and a $928/mo payment preserves $318/mo for cash returns. Annual cash flow comes to $3,814/yr on $62,819 deployed, and return on cash invested reaches 25.98% in year one. Equity gained on principal adds $1,223/yr, and five-year appreciation sums $52,355 alongside rental yield of 9.36%. Five-year ROI measures 135.32% and total cumulative return in cash totals $85,007.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,478/mo property income versus a $928/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1898
1.60 Acres 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: Ray Smith • Black Hawk Real Estate
Mls Name: MLS United
Mls ID: #4124956