611 E Lakeshore DrCarriereMS39426
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 Carriere at 611 E Lakeshore Dr, Carriere, MS, 39426 priced at $340,000 converts $2,713/mo rent into $633/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,713/mo, and annual cash flow totals $7,590/yr on $112,710 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 9.58% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 138.87% and total cumulative return in cash sums $156,522. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,713/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39426, Carriere, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,920 (100%) |
| Owner Occupied HU | 6,195 (78.2%) |
| Renter Occupied HU | 854 (10.8%) |
| Vacant Housing Units | 871 (11.0%) |
| Median Home Value | $229,215 |
| Average Home Value | $248,083 |
Housing Distribution
Address Breakdown
Residential
7,391
Single Family
7,391
Multi-Family
0
Businesses
182
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Listed by: DeAnna Hunt • The Smith Group Realty
Mls Name: Pearl River County BOR
Mls ID: #184217