124 Drake LnRed BanksMS38661
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Nearby investment properties with comparable prices
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 Red Banks at 124 Drake Ln, Red Banks, MS, 38661 earns from $2,411/mo rent with a $1,977/mo payment. Total monthly income totals $2,411/mo. ROI tracks 19.18% on current figures, and rental yield reads 7.16% at a $404,000 purchase. Equity gained on principal adds $2,607/yr, and 5% annual appreciation supports $111,618 over five years. Five-year ROI reaches 98.91% and total cumulative return in cash sums $132,468. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,411/mo property income instead of your personal income.
Single Family
Built in 2025
1.50 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38661, Red Banks, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 635 (77.2%) |
| Renter Occupied HU | 88 (10.7%) |
| Vacant Housing Units | 100 (12.2%) |
| Median Home Value | $236,983 |
| Average Home Value | $273,189 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
815
Multi-Family
0
Businesses
27
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Listed by: Bruce Johnson • Mls Assist
Mls Name: MLS United
Mls ID: #4100365
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.