609 River StHattiesburgMS39401
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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 Hattiesburg at 609 River St, Hattiesburg, MS, 39401 uses $40,609 cash to close to unlock $2,687/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $974/mo, and a $600/mo payment keeps the spread at $224/mo. Purchase price stands at $122,500, and rental yield measures 9.54% with $974/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 138.24% and total cumulative return in cash records $56,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $974/mo property income covering a $600/mo payment rather than investor’s personal income.
Single Family
Built in 1958
3,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39401, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,590 (100%) |
| Owner Occupied HU | 8,506 (41.3%) |
| Renter Occupied HU | 9,639 (46.8%) |
| Vacant Housing Units | 2,445 (11.9%) |
| Median Home Value | $160,714 |
| Average Home Value | $190,588 |
Housing Distribution
Address Breakdown
Residential
19,583
Single Family
16,027
Multi-Family
3,556
Businesses
1,811
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Listed by: Lindsay Palmer • B & Co Realty
Mls Name: HSMLS
Mls Provider:
Mls ID: #138878
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.