640 S Magnolia StLaurelMS39440
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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 Laurel at 640 S Magnolia St, Laurel, MS, 39440 priced at $110,000 converts $1,151/mo rent into $478/mo cash flow after a $538/mo obligation. Total monthly income equals $1,151/mo, and annual cash flow totals $5,739/yr on $36,465 invested. Return on cash invested prints 35.65% in year one, and rental yield reads 12.56% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 187.25% and total cumulative return in cash sums $68,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,151/mo property income covering a $538/mo payment, not borrower’s personal income.
Multi Family
Built in 1935
0.30 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: Donielle Breland • Vines Realty & Land
Mls Name: HSMLS
Mls Provider:
Mls ID: #140079
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.