1560 Madison CvSouthavenMS38671
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 Southaven at 1560 Madison Cv, Southaven, MS, 38671 uses $101,074 cash to close to unlock $5,634/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $2,335/mo, and a $1,492/mo payment keeps the spread at $469/mo. Purchase price stands at $304,900, and rental yield measures 9.19% with $2,335/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 132.65% and total cumulative return in cash records $134,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,335/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38671, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,099 (100%) |
| Owner Occupied HU | 9,245 (57.4%) |
| Renter Occupied HU | 5,393 (33.5%) |
| Vacant Housing Units | 1,461 ( 9.1%) |
| Median Home Value | $194,957 |
| Average Home Value | $229,616 |
Housing Distribution
Address Breakdown
Residential
15,934
Single Family
12,375
Multi-Family
3,559
Businesses
1,693
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa M Utterback • Crye-Leike Hernando
Mls Name: MLS United
Mls ID: #4127985