1162 Cloverdale DrGreenvilleMS38701
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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 Greenville at 1162 Cloverdale Dr, Greenville, MS, 38701 uses $82,544 cash to close to unlock $3,048/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,778/mo, and a $1,219/mo payment keeps the spread at $254/mo. Purchase price stands at $249,000, and rental yield measures 8.57% with $1,778/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 122.53% and total cumulative return in cash records $101,144. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,778/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38701, Greenville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,118 (100%) |
| Owner Occupied HU | 5,025 (49.7%) |
| Renter Occupied HU | 3,593 (35.5%) |
| Vacant Housing Units | 1,500 (14.8%) |
| Median Home Value | $124,149 |
| Average Home Value | $181,273 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,148
Multi-Family
1,048
Businesses
961
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Listed by: Chris Tonos • BETSY ALEXANDER REALTY
Mls Name: Greenville Area BOR
Mls ID: #90014