1071 Wilson Rdg, Lake Cormorant, MS, 38641 | $797/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1071 Wilson Rdg, Lake Cormorant, MS, 38641 | $797/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Cormorant at 1071 Wilson Rdg, Lake Cormorant, MS, 38641 earns $797/mo cash flow from $2,296/mo rent with a $1,199/mo payment. Total monthly income totals $2,296/mo, and annual cash flow totals $9,564/yr on $81,184 capital. ROI tracks 31.69% on current figures, and rental yield reads 11.25% at a $244,900 purchase. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,661 over five years. Five-year ROI reaches 165.92% and total cumulative return in cash sums $134,705. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,296/mo property income instead of your personal income.

Single Family

Built in 1998

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

This thoughtfully designed two-story home is truly move-in ready and offers a unique opportunity for both comfortable living and potential income. Perfect for the buyer who'd like a roommateor an investor seeking dual living spacesthis property features two separate living areas, ideal for generating extra income to help cover the mortgage. Inside, you'll find four bedrooms, including a spacious primary suite, three bathrooms, an office, and two full kitchens. Both kitchens impress with sage green cabinetry, granite countertops, and stainless steel appliances, flowing seamlessly into an open-concept living area. A cozy fireplace and sliding glass doors fill the space with warmth and natural light, leading to the outdoor living area. Bathrooms are beautifully updated with marble-inspired tile, modern fixtures, and glass-enclosed showers. Bedrooms are bright and inviting, with plush carpeting and generous closet space, including several walk-ins with built-in shelving. A formal dining area and a staircase connecting both levels enhance the home's functional layout. Flooring transitions effortlessly from tile in the kitchen and baths, to hardwood in living spaces, and soft carpet in bedrooms, creating a warm and cohesive atmosphere. The neutral color palette and contemporary finishes make this home both stylish and versatileready to welcome its next owner.

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