693 Joe Perrett RdLaurelMS39443
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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 Laurel at 693 Joe Perrett Rd, Laurel, MS, 39443 offers a 9.61% rental yield on a $189,900 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $929/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,300/yr on $62,952 to close, and return on cash invested stands at 26.74% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 139.41% and total cumulative return in cash at $87,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39443, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,252 (100%) |
| Owner Occupied HU | 7,644 (74.6%) |
| Renter Occupied HU | 1,499 (14.6%) |
| Vacant Housing Units | 1,109 (10.8%) |
| Median Home Value | $165,051 |
| Average Home Value | $195,475 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
10,197
Multi-Family
0
Businesses
333
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Listed by: Alisa Sewell • Woodland Realty, Inc
Mls Name: HSMLS
Mls ID: #143424