1075 Lexington LoopSouthavenMS38671
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Southaven at 1075 Lexington Loop, Southaven, MS, 38671 offers $2,034/mo rent that, after a $1,431/mo payment. Total monthly income is $2,034/mo. Return on cash invested measures 8.08% in year one, and rental yield stands at 8.35% at a $292,400 entry. Equity gained on principal adds $1,887/yr while 5% annual appreciation compounds into $80,785 by year five. Five-year ROI records 44.72% and total cumulative return in cash reaches $43,346. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $1,431/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
2,613 sqft lot
$N/A/sqft
$1,200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38671, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,099 (100%) |
| Owner Occupied HU | 9,245 (57.4%) |
| Renter Occupied HU | 5,393 (33.5%) |
| Vacant Housing Units | 1,461 ( 9.1%) |
| Median Home Value | $194,957 |
| Average Home Value | $229,616 |
Housing Distribution
Address Breakdown
Residential
15,934
Single Family
12,375
Multi-Family
3,559
Businesses
1,693
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Listed by: Avery J Paxton • Elect Realty Group
Mls Name: MLS United
Mls ID: #4086258
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.