111 E Melody LnCorinthMS38834
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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 Corinth at 111 E Melody Ln, Corinth, MS, 38834 priced at $119,000 pairs $899/mo rent with $171/mo cash flow after a $582/mo payment. Total monthly income equals $899/mo, and annual cash flow comes to $2,055/yr on $39,449 invested. Return on cash invested is 25.12% in year one, and rental yield stands at 9.07% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 130.79% and total cumulative return in cash reaches $51,593. For financing, Ziffy Mortgage’s DSCR program evaluates $899/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: Ricky Murphy • TM REALTORS
Mls Name: NMMLS
Mls ID: #25-4186