142 Drake LnRed BanksMS38661
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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 Red Banks at 142 Drake Ln, Red Banks, MS, 38661 uses $128,954 cash to close to unlock $3,222/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $2,649/mo, and a $1,904/mo payment keeps the spread at $268/mo. Purchase price stands at $389,000, and rental yield measures 8.17% with $2,649/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash records $149,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,649/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 2025
1.50 Acres lot
$N/A/sqft
No 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: Hailey M Jowers • Re/Max Experts
Mls Name: MLS United
Mls ID: #4112767
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.