979 Richburg RdHattiesburgMS39402
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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
Investment property for sale in Hattiesburg at 979 Richburg Rd, Hattiesburg, MS, 39402 uses $91,163 cash to close to unlock $6,746/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $2,245/mo, and a $1,346/mo payment keeps the spread at $562/mo. Purchase price stands at $275,000, and rental yield measures 9.8% with $2,245/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 142.48% and total cumulative return in cash records $129,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,245/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39402, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,649 (100%) |
| Owner Occupied HU | 12,207 (59.1%) |
| Renter Occupied HU | 6,967 (33.7%) |
| Vacant Housing Units | 1,475 ( 7.1%) |
| Median Home Value | $266,080 |
| Average Home Value | $301,708 |
Housing Distribution
Address Breakdown
Residential
19,635
Single Family
15,546
Multi-Family
4,089
Businesses
1,855
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Listed by: Alexis Drummond • EXIT Realty Integrity First
Mls Name: HSMLS
Mls ID: #145132