1503 Pine RdCorinthMS38834
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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 Pine Rd, Corinth, MS, 38834 offers a 8.63% rental yield on a $256,900 purchase with $1,848/mo rent. Total monthly income registers $1,848/mo, and a $1,257/mo payment leaves $276/mo available for distribution. Annual cash flow reaches $3,315/yr on $85,162 to close, and return on cash invested stands at 23.8% in year one. Equity gained on principal adds $1,658/yr while 5% annual appreciation supports $70,977 over five years. Portfolio math shows five-year ROI at 123.68% and total cumulative return in cash at $105,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,848/mo property income against a $1,257/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.60 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: N/A • N/A
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