6317 Oak Grove RdOaklandMS38948
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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 Oakland at 6317 Oak Grove Rd, Oakland, MS, 38948 uses $50,952 cash to close to unlock $4,917/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $1,350/mo, and a $752/mo payment keeps the spread at $410/mo. Purchase price stands at $153,700, and rental yield measures 10.54% with $1,350/mo rent. Return on cash invested shows 29.56% in year one, and 5% annual appreciation builds toward $42,464 over five years. Five-year ROI reaches 154.51% and total cumulative return in cash records $78,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $752/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38948, Oakland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,204 (100%) |
| Owner Occupied HU | 780 (64.8%) |
| Renter Occupied HU | 170 (14.1%) |
| Vacant Housing Units | 254 (21.1%) |
| Median Home Value | $86,447 |
| Average Home Value | $118,173 |
Housing Distribution
Address Breakdown
Residential
1,018
Single Family
1,018
Multi-Family
0
Businesses
42
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A