110 Lakes Dr SOxfordMS38655
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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
Rental property for sale in Oxford at 110 Lakes Dr S, Oxford, MS, 38655 priced at $459,000 converts $2,792/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,792/mo. Return on cash invested prints 19.77% in year one, and rental yield reads 7.3% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 102.03% and total cumulative return in cash sums $155,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,792/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 2004
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38655, Oxford, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,797 (100%) |
| Owner Occupied HU | 12,970 (46.7%) |
| Renter Occupied HU | 9,130 (32.8%) |
| Vacant Housing Units | 5,697 (20.5%) |
| Median Home Value | $326,779 |
| Average Home Value | $423,478 |
Housing Distribution
Address Breakdown
Residential
24,977
Single Family
19,826
Multi-Family
5,151
Businesses
2,118
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Listed by: Caroline Felker • tm (BOF) - Oxford
Mls Name: NCMBR
Mls ID: #161328