1020 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
Rental property for sale in Greenwood at 1020 Corrine Dr, Greenwood, MS, 38930 priced at $165,000 converts $1,483/mo rent into $333/mo cash flow after a $808/mo obligation. Total monthly income equals $1,483/mo, and annual cash flow totals $4,001/yr on $54,698 invested. Return on cash invested prints 27.22% in year one, and rental yield reads 10.79% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 143.15% and total cumulative return in cash sums $78,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,483/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.30 Acres 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: Cindy B Walker • Powers Properties
Mls Name: MLS United
Mls ID: #4093195
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.