64 Garner RdMount OliveMS39119
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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
Rental property for sale in Mount Olive at 64 Garner Rd, Mount Olive, MS, 39119 priced at $120,000 pairs $926/mo rent with $192/mo cash flow after a $587/mo payment. Total monthly income equals $926/mo, and annual cash flow comes to $2,304/yr on $39,780 invested. Return on cash invested is 25.7% in year one, and rental yield stands at 9.26% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 133.8% and total cumulative return in cash reaches $53,227. For financing, Ziffy Mortgage’s DSCR program evaluates $926/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39119, Mount Olive, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,656 (69.4%) |
| Renter Occupied HU | 359 (15.1%) |
| Vacant Housing Units | 370 (15.5%) |
| Median Home Value | $119,605 |
| Average Home Value | $170,157 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,142
Multi-Family
45
Businesses
81
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Listed by: Caleb Monk • Monk and Company
Mls Name: MLS United
Mls ID: #4097309
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.