LOT 72 Chestnut Spring RdFloraMS39071
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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 Flora at LOT 72 Chestnut Spring Rd, Flora, MS, 39071 priced at $110,999 pairs $2,738/mo rent with $1,934/mo cash flow after a $543/mo payment. Total monthly income equals $2,738/mo, and annual cash flow comes to $23,208/yr on $36,796 invested. Return on cash invested is 82.98% in year one, and rental yield stands at 29.6% on a $110,999 basis. Equity gained on principal adds $716/yr, and 5% annual appreciation accumulates to $30,667 by year five. Five-year ROI measures 442.61% and total cumulative return in cash reaches $162,865. For financing, Ziffy Mortgage’s DSCR program evaluates $2,738/mo property income against a $543/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
2.34 Acres lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39071, Flora, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,458 (100%) |
| Owner Occupied HU | 1,907 (77.6%) |
| Renter Occupied HU | 424 (17.2%) |
| Vacant Housing Units | 127 ( 5.2%) |
| Median Home Value | $268,137 |
| Average Home Value | $354,929 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
1,966
Multi-Family
112
Businesses
212
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Listed by: Sally Randall • Elizabeth Knight Real Estate
Mls Name: MLS United
Mls ID: #4026052
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.