86 Spring Oak CvLamarMS38642
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
Rental property for sale in Lamar at 86 Spring Oak Cv, Lamar, MS, 38642 offers $2,862/mo rent that, after a $2,080/mo payment, leaves $261/mo cash flow. Total monthly income is $2,862/mo, and annual cash flow is $3,137/yr on $140,888 cash. Return on cash invested measures 22.14% in year one, and rental yield stands at 8.08% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 114.7% and total cumulative return in cash reaches $161,597. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,862/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
5.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38642, Lamar, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,319 (100%) |
| Owner Occupied HU | 921 (69.8%) |
| Renter Occupied HU | 182 (13.8%) |
| Vacant Housing Units | 216 (16.4%) |
| Median Home Value | $107,797 |
| Average Home Value | $163,244 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
45
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Listed by: N/A • N/A
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