104 Blue Lake CvLake CormorantMS38641
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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 Lake Cormorant at 104 Blue Lake Cv, Lake Cormorant, MS, 38641 uses $96,102 cash to close to unlock $6,777/yr annual cash flow and $565/mo monthly cash flow. Total monthly income runs $2,371/mo, and a $1,419/mo payment keeps the spread at $565/mo. Purchase price stands at $289,900, and rental yield measures 9.81% with $2,371/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 140.72% and total cumulative return in cash records $135,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,371/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Housing Distribution
Address Breakdown
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
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Listed by: Tiffany M Pickel • Dream Maker Realty
Mls Name: MLS United
Mls ID: #4125797
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.