1509 E Clover LnCorinthMS38834
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1509 E Clover Ln, Corinth, MS, 38834 uses $57,979 cash to close to unlock $7,905/yr annual cash flow and $659/mo monthly cash flow. Total monthly income runs $1,729/mo, and a $856/mo payment keeps the spread at $659/mo. Purchase price stands at $174,900, and rental yield measures 11.86% with $1,729/mo rent. Return on cash invested shows 33.54% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 175.88% and total cumulative return in cash records $101,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,729/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.36 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Williams • Bailey Williams Realty
Mls Name: NMMLS
Mls ID: #25-3728