7297 Merrill RdLucedaleMS39452
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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 Lucedale at 7297 Merrill Rd, Lucedale, MS, 39452 generates $1,574/mo in rent and, after a $1,028/mo payment, leaves $289/mo in cash flow. Total monthly income is $1,574/mo, and annual cash flow is $3,465/yr on $69,615 invested. Return on cash invested sits at 24.89% in year one, and rental yield is 8.99% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 129.44% and total cumulative return in cash sums $90,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,574/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
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Listed by: Amy D Erkhart • Amy Erkhart Realty, LLC
Mls Name: MLS United
Mls ID: #4101761
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.