1018 Corrine DrGreenwoodMS38930
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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 Greenwood at 1018 Corrine Dr, Greenwood, MS, 38930 uses $49,394 cash to close to unlock $6,822/yr annual cash flow and $568/mo monthly cash flow. Total monthly income runs $1,480/mo, and a $729/mo payment keeps the spread at $568/mo. Purchase price stands at $149,000, and rental yield measures 11.92% with $1,480/mo rent. Return on cash invested shows 33.72% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 176.85% and total cumulative return in cash records $87,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,480/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38930, Greenwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 5,250 (50.4%) |
| Renter Occupied HU | 3,877 (37.2%) |
| Vacant Housing Units | 1,284 (12.3%) |
| Median Home Value | $105,816 |
| Average Home Value | $170,594 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
8,740
Multi-Family
877
Businesses
1,138
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Listed by: Melanie Harris • Harris Realty
Mls Name: My State MLS
Mls ID: #11345583