920 White RdFlorenceMS39073
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 Florence at 920 White Rd, Florence, MS, 39073 offers $1,655/mo rent that, after a $1,150/mo payment, leaves $217/mo cash flow. Total monthly income is $1,655/mo, and annual cash flow is $2,605/yr on $77,903 cash. Return on cash invested measures 23.25% in year one, and rental yield stands at 8.45% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 120.74% and total cumulative return in cash reaches $94,060. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,655/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
6.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Nearby investment properties with comparable prices
Listed by: Teresa Love • Bang Realty
Mls Name: MLS United
Mls ID: #4093975
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.