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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Albany at 1034 Serenity Ln, New Albany, MS, 38652 offers $3,138/mo rent that, after a $1,563/mo payment, leaves $1,016/mo cash flow. Total monthly income is $3,138/mo, and annual cash flow is $12,189/yr on $105,881 cash. Return on cash invested measures 31.42% in year one, and rental yield stands at 11.79% at a $319,400 entry. Equity gained on principal adds $2,061/yr while 5% annual appreciation compounds into $88,244 by year five. Five-year ROI records 165.18% and total cumulative return in cash reaches $174,895. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,138/mo property income versus a $1,563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
Date | Event | Price |
|---|---|---|
| 2025-03-01 | Listing removed | $393,000 |
| 2024-11-22 | Listed for sale | $393,000 |
| 2024-10-17 | Listing removed | $393,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-03 | $4154.07 | 76.16% | $37,539 | 48.21% |
| 2023-11-03 | $2358.17 | 13.13% | $25,328 | 23.44% |
| 2022-11-03 | $2084.40 | N/A | $20,518 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
