101 Drake LnRed BanksMS38661
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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 Red Banks at 101 Drake Ln, Red Banks, MS, 38661 listed at $445,000 pairs $2,710/mo rent with a $2,178/mo payment. Total monthly income runs $2,710/mo. Return on cash invested measures 19.8% in year one, and rental yield registers 7.31% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 102.18% and total cumulative return in cash totals $150,728. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,710/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38661, Red Banks, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 635 (77.2%) |
| Renter Occupied HU | 88 (10.7%) |
| Vacant Housing Units | 100 (12.2%) |
| Median Home Value | $236,983 |
| Average Home Value | $273,189 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
815
Multi-Family
0
Businesses
27
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Listed by: Hailey M Jowers • Re/Max Experts
Mls Name: MLS United
Mls ID: #4112765
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.