663 Lynn Ray RdPetalMS39465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Petal at 663 Lynn Ray Rd, Petal, MS, 39465 priced at $599,000 converts $4,487/mo rent into $821/mo cash flow after a $2,932/mo obligation. Total monthly income equals $4,487/mo, and annual cash flow totals $9,855/yr on $197,071 invested. Return on cash invested prints 25.06% in year one, and rental yield reads 8.99% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 130.36% and total cumulative return in cash sums $256,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,487/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2022
4.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39465, Petal, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,448 (100%) |
| Owner Occupied HU | 7,220 (76.4%) |
| Renter Occupied HU | 1,600 (16.9%) |
| Vacant Housing Units | 628 ( 6.6%) |
| Median Home Value | $217,637 |
| Average Home Value | $244,005 |
Housing Distribution
Address Breakdown
Residential
9,391
Single Family
9,391
Multi-Family
0
Businesses
640
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Listed by: Kristi Shorts • Real Broker, LLC
Mls Name: MLS United
Mls ID: #4100664
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.