700 N Spring AveLouisvilleMS39339
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
Investment property for sale in Louisville at 700 N Spring Ave, Louisville, MS, 39339 at $154,500 posts ROI 25.6% with $243/mo cash flow from $1,188/mo rent. Total monthly income equals $1,188/mo, and annual cash flow records $2,913/yr on $51,217 to close. Return on cash invested measures 25.6% and rental yield reads 9.23% at the current $154,500. Equity gained on principal adds $997/yr, and 5% annual appreciation supports $42,686 by year five. Five-year ROI prints 133.27% and total cumulative return in cash totals $68,259.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,188/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39339, Louisville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,538 (100%) |
| Owner Occupied HU | 4,346 (66.5%) |
| Renter Occupied HU | 1,431 (21.9%) |
| Vacant Housing Units | 761 (11.6%) |
| Median Home Value | $154,350 |
| Average Home Value | $180,896 |
Housing Distribution
Address Breakdown
Residential
6,262
Single Family
6,147
Multi-Family
115
Businesses
607
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Nearby investment properties with comparable prices
Listed by: Kelly M Wilson • MCCULLOUGH REALTY LLC
Mls Name: Greater Golden Triangle Realtors
Mls ID: #24-2301
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.