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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 1303 Phillips St, Corinth, MS, 38834 generates $1,288/mo in rent and, after a $680/mo payment, leaves $438/mo in cash flow. Total monthly income is $1,288/mo, and annual cash flow is $5,253/yr on $46,079 invested. Return on cash invested sits at 31.31% in year one, and rental yield is 11.12% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 163.9% and total cumulative return in cash sums $75,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,288/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.25 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Marea W Wilson • Wilco Real Estate Group
Mls Name: NMMLS
Mls ID: #25-2737
