1006 Trice StShannonMS38868
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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 Shannon at 1006 Trice St, Shannon, MS, 38868 priced at $160,000 converts $1,253/mo rent into $274/mo cash flow after a $783/mo obligation. Total monthly income equals $1,253/mo, and annual cash flow totals $3,288/yr on $53,040 invested. Return on cash invested prints 26.11% in year one, and rental yield reads 9.4% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 135.98% and total cumulative return in cash sums $72,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,253/mo property income covering a $783/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38868, Shannon, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,337 (100%) |
| Owner Occupied HU | 1,669 (71.4%) |
| Renter Occupied HU | 412 (17.6%) |
| Vacant Housing Units | 256 (11.0%) |
| Median Home Value | $169,179 |
| Average Home Value | $217,689 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
122
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Nearby investment properties with comparable prices
Listed by: Austin Swords • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls ID: #25-905