1012 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
Investment property for sale in Shannon at 1012 Trice St, Shannon, MS, 38868 listed at $215,000 pairs $1,194/mo rent with a $1,052/mo payment. Total monthly income runs $1,194/mo. Return on cash invested measures 17.87% in year one, and rental yield registers 6.66% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 91.81% and total cumulative return in cash totals $65,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,194/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
0.50 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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Listed by: Austin Swords • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls ID: #25-903