1503 Meadows DrCorinthMS38834
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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 Corinth at 1503 Meadows Dr, Corinth, MS, 38834 uses $41,438 cash to close to unlock $2,675/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $988/mo, and a $612/mo payment keeps the spread at $223/mo. Purchase price stands at $125,000, and rental yield measures 9.48% with $988/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.37% and total cumulative return in cash records $56,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $988/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: Keith Nichols • First Team Real Estate
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-3228
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.