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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% |
Rental property for sale in Corinth at 1224 Highway 2, Corinth, MS, 38834 generates $2,804/mo in rent, after a $2,325/mo payment. Total monthly income is $2,804/mo. Return on cash invested sits at 19.12% in year one, and rental yield is 7.08% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 98.57% and total cumulative return in cash sums $155,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,804/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
4.22 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 |
|---|---|---|
| 2024-11-11 | Price change | $475,000 |
| 2024-10-08 | Listed for sale | $500,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-28 | $1355.06 | -0.01% | $14,242 | -0.01% |
| 2022-01-28 | $1355.18 | 1.59% | $14,243 | 1.30% |
| 2021-01-28 | $1333.92 | -43.93% | $14,060 | -31.32% |
Listed by: Jaycee Lancaster • Bailey Williams Realty
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3553
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.
