LOT 1784 Highway 2 #178MyrtleMS38650
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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 Myrtle at LOT 1784 Highway 2 #178, Myrtle, MS, 38650 offers a 9.38% rental yield on a $123,000 purchase with $961/mo rent. Total monthly income registers $961/mo, and a $602/mo payment leaves $208/mo available for distribution. Annual cash flow reaches $2,500/yr on $40,775 to close, and return on cash invested stands at 26.04% in year one. Equity gained on principal adds $794/yr while 5% annual appreciation supports $33,983 over five years. Portfolio math shows five-year ROI at 135.7% and total cumulative return in cash at $55,333. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $961/mo property income against a $602/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38650, Myrtle, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,864 (100%) |
| Owner Occupied HU | 1,391 (74.6%) |
| Renter Occupied HU | 301 (16.1%) |
| Vacant Housing Units | 172 ( 9.2%) |
| Median Home Value | $165,487 |
| Average Home Value | $170,933 |
Housing Distribution
Address Breakdown
Residential
1,654
Single Family
1,654
Multi-Family
0
Businesses
57
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Listed by: Austin Swords • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3844
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.