642 N Woodland DrForestMS39074
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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 Forest at 642 N Woodland Dr, Forest, MS, 39074 generates $1,625/mo in rent, after a $1,463/mo payment. Total monthly income is $1,625/mo. Return on cash invested sits at 17.44% in year one, and rental yield is 6.52% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 89.5% and total cumulative return in cash sums $88,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,625/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Listed by: Janet Culpepper • Triplett Realty Service
Mls Name: MLS United
Mls ID: #4135147