668 Southern Oaks DrFlorenceMS39073
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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 Florence at 668 Southern Oaks Dr, Florence, MS, 39073 listed at $229,000 pairs $1,918/mo rent with a $1,121/mo payment to leave $516/mo cash flow. Total monthly income runs $1,918/mo, and annual cash flow reaches $6,198/yr on $75,914 cash to close. Return on cash invested measures 28.07% in year one, and rental yield registers 10.05% at a $229,000 basis. Equity gained on principal adds $1,478/yr, and annual property appreciation at 5% supports $63,268 by year five. Five-year ROI tracks 146.57% and total cumulative return in cash totals $111,269. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,918/mo property income relative to a $1,121/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: Donna M Burks • Three Rivers Real Estate
Mls Name: MLS United
Mls ID: #4093524
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.