131 Saint James PlGrenadaMS38901
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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
Rental property for sale in Grenada at 131 Saint James Pl, Grenada, MS, 38901 priced at $289,000 converts $1,788/mo rent into after a $1,415/mo obligation. Total monthly income equals $1,788/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 7.42% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 100.82% and total cumulative return in cash sums $96,590. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,788/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 4,779 (57.0%) |
| Renter Occupied HU | 2,606 (31.1%) |
| Vacant Housing Units | 1,004 (12.0%) |
| Median Home Value | $144,519 |
| Average Home Value | $191,613 |
Housing Distribution
Address Breakdown
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
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Listed by: Robin Lea • Gold Key Realty LLC
Mls Name: MLS United
Mls ID: #4115495
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.