101 E Melody LnCorinthMS38834
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Nearby investment properties with comparable prices
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 Corinth at 101 E Melody Ln, Corinth, MS, 38834 at $124,000 posts ROI 25.95% with $207/mo cash flow from $966/mo rent. Total monthly income equals $966/mo, and annual cash flow records $2,485/yr on $41,106 to close. Return on cash invested measures 25.95% and rental yield reads 9.35% at the current $124,000. Equity gained on principal adds $800/yr, and 5% annual appreciation supports $34,259 by year five. Five-year ROI prints 135.32% and total cumulative return in cash totals $55,623.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $966/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,009 (100%) |
| Owner Occupied HU | 7,802 (60.0%) |
| Renter Occupied HU | 3,798 (29.2%) |
| Vacant Housing Units | 1,409 (10.8%) |
| Median Home Value | $146,073 |
| Average Home Value | $191,454 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: Janet Vanderford • Home Source Realty
Mls Name: NMMLS
Mls ID: #25-1623