711 Wilson StForestMS39074
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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
Rental property for sale in Forest at 711 Wilson St, Forest, MS, 39074 priced at $160,000 converts $1,268/mo rent into $289/mo cash flow after a $783/mo obligation. Total monthly income equals $1,268/mo, and annual cash flow totals $3,468/yr on $53,040 invested. Return on cash invested prints 26.45% in year one, and rental yield reads 9.51% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 137.79% and total cumulative return in cash sums $73,082. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,268/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Listed by: Shannon Goss • Sweet Magnolia Real Estate, LLC
Mls Name: MLS United
Mls ID: #4123037