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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% |
Investment property for sale in Corinth at 11 Barnstable Rd, Corinth, MS, 38834 offers a 10.78% rental yield on a $260,000 purchase with $2,335/mo rent. Total monthly income registers $2,335/mo, and a $1,273/mo payment leaves $744/mo available for distribution. Annual cash flow reaches $8,922/yr on $86,190 to close, and return on cash invested stands at 30.26% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 158.28% and total cumulative return in cash at $136,421. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,335/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,009 (100%) |
| Owner Occupied HU | 7,802 (60.0%) |
| Renter Occupied HU | 3,798 (29.2%) |
| Vacant Housing Units | 1,409 (10.8%) |
| Median Home Value | $146,073 |
| Average Home Value | $191,454 |
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Listed for sale | $260,000 |
| 2022-05-24 | Listing removed | N/A |
| 2022-05-20 | Listed for sale | $247,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $10.72 | 10.63% | $7,697 | -0.05% |
| 2022-10-17 | $9.69 | N/A | $7,701 | -1.05% |
| 2021-10-17 | N/A | N/A | $7,783 | 1.03% |
Listed by: Bret Carroll • COLDWELL BANKER SOUTHERN REAL ESTATE
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3646
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
