623 Cherry LnLaurelMS39440
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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 Laurel at 623 Cherry Ln, Laurel, MS, 39440 offers a 10.26% rental yield on a $280,000 purchase with $2,395/mo rent. Total monthly income registers $2,395/mo, and a $1,370/mo payment leaves $662/mo available for distribution. Annual cash flow reaches $7,946/yr on $92,820 to close, and return on cash invested stands at 28.47% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 148.79% and total cumulative return in cash at $138,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,395/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39440, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 4,317 (50.5%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 1,057 (12.4%) |
| Median Home Value | $128,459 |
| Average Home Value | $182,011 |
Housing Distribution
Address Breakdown
Residential
7,887
Single Family
7,358
Multi-Family
529
Businesses
1,223
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Listed by: Marianne Papapostolou • Century 21 Alliance
Mls Name: HSMLS
Mls Provider:
Mls ID: #139294
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.