615 Early Grove RdLamarMS38642
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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 Lamar at 615 Early Grove Rd, Lamar, MS, 38642 offers a 7.75% rental yield on a $449,000 purchase with $2,899/mo rent. Total monthly income registers $2,899/mo, and a $2,198/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,812/yr on $148,844 to close, and return on cash invested stands at 21.13% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 109.26% and total cumulative return in cash at $162,628. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,899/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38642, Lamar, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,319 (100%) |
| Owner Occupied HU | 921 (69.8%) |
| Renter Occupied HU | 182 (13.8%) |
| Vacant Housing Units | 216 (16.4%) |
| Median Home Value | $107,797 |
| Average Home Value | $163,244 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
45
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Listed by: Marsha Taylor • #1 Realty Group
Mls Name: MLS United
Mls ID: #4133273