698 Highway 583 SEBrookhavenMS39601
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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
Total monthly income runs $1,560/mo, and a $2,073/mo payment. Purchase price stands at $423,500, and rental yield measures 4.42% with $1,560/mo rent. Return on cash invested shows 11.09% in year one, and 5% annual appreciation builds toward $117,005 over five years. Five-year ROI reaches 55.48% and total cumulative return in cash records $77,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $2,073/mo payment rather than investor’s personal income.
Single Family
Built in 1985
21.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39601, Brookhaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,552 (100%) |
| Owner Occupied HU | 6,925 (65.6%) |
| Renter Occupied HU | 2,379 (22.5%) |
| Vacant Housing Units | 1,248 (11.8%) |
| Median Home Value | $154,543 |
| Average Home Value | $215,617 |
Housing Distribution
Address Breakdown
Residential
10,229
Single Family
9,796
Multi-Family
433
Businesses
920
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Listed by: Madelyn Spring • McMillan Land & Realty Inc
Mls Name: Southwest Mississippi BOR
Mls ID: #144642
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.