1308 Miller DrClarksdaleMS38614
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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 Clarksdale at 1308 Miller Dr, Clarksdale, MS, 38614 with 5% annual appreciation on a $114,900 basis while $917/mo rent supports operations. Total monthly income totals $917/mo and a $562/mo payment preserves $72/mo for cash returns. Annual cash flow comes to $869/yr on $38,089 deployed, and return on cash invested reaches 22.19% in year one. Equity gained on principal adds $741/yr, and five-year appreciation sums $31,745 alongside rental yield of 9.58%. Five-year ROI measures 116.67% and total cumulative return in cash totals $44,438.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $917/mo property income versus a $562/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38614, Clarksdale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,028 (100%) |
| Owner Occupied HU | 3,686 (45.9%) |
| Renter Occupied HU | 2,975 (37.1%) |
| Vacant Housing Units | 1,367 (17.0%) |
| Median Home Value | $102,066 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
7,372
Single Family
6,055
Multi-Family
1,317
Businesses
1,101
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Listed by: Jeffrey L Gooden • Jeffrey Gooden Realty
Mls Name: MLS United
Mls ID: #4098306
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.