1401 County Road 338FalknerMS38629
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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 Falkner at 1401 County Road 338, Falkner, MS, 38629 listed at $339,000 pairs $2,249/mo rent with a $1,659/mo payment to leave $175/mo cash flow. Total monthly income runs $2,249/mo, and annual cash flow reaches $2,097/yr on $112,379 cash to close. Return on cash invested measures 21.77% in year one, and rental yield registers 7.96% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 112.77% and total cumulative return in cash totals $126,724. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,249/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38629, Falkner, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 536 (72.3%) |
| Renter Occupied HU | 112 (15.1%) |
| Vacant Housing Units | 93 (12.6%) |
| Median Home Value | $160,185 |
| Average Home Value | $211,017 |
Housing Distribution
Address Breakdown
Residential
771
Single Family
771
Multi-Family
0
Businesses
26
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Listed by: Lisa Settlemires • 1ST Class Realty, LLC
Mls Name: NMMLS
Mls ID: #25-4371