115 Beverly DrGrenadaMS38901
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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
Investment property for sale in Grenada at 115 Beverly Dr, Grenada, MS, 38901 offers a 10.44% rental yield on a $252,500 purchase with $2,196/mo rent. Total monthly income registers $2,196/mo, and a $1,236/mo payment leaves $651/mo available for distribution. Annual cash flow reaches $7,808/yr on $83,704 to close, and return on cash invested stands at 29.24% in year one. Equity gained on principal adds $1,629/yr while 5% annual appreciation supports $69,761 over five years. Portfolio math shows five-year ROI at 152.78% and total cumulative return in cash at $127,887. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,196/mo property income against a $1,236/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 4,779 (57.0%) |
| Renter Occupied HU | 2,606 (31.1%) |
| Vacant Housing Units | 1,004 (12.0%) |
| Median Home Value | $144,519 |
| Average Home Value | $191,613 |
Housing Distribution
Address Breakdown
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
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Listed by: Ray Branscome • Landmark Realty
Mls Name: My State MLS
Mls ID: #11570124