16 Norris CvSenatobiaMS38668
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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
Rental property for sale in Senatobia at 16 Norris Cv, Senatobia, MS, 38668 offers $2,672/mo rent that, after a $1,346/mo payment, leaves $989/mo cash flow. Total monthly income is $2,672/mo, and annual cash flow is $11,870/yr on $91,163 cash. Return on cash invested measures 32.93% in year one, and rental yield stands at 11.66% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 172.61% and total cumulative return in cash reaches $157,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,672/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38668, Senatobia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,734 (100%) |
| Owner Occupied HU | 3,823 (66.7%) |
| Renter Occupied HU | 1,423 (24.8%) |
| Vacant Housing Units | 488 ( 8.5%) |
| Median Home Value | $212,924 |
| Average Home Value | $225,574 |
Housing Distribution
Address Breakdown
Residential
5,333
Single Family
5,232
Multi-Family
101
Businesses
540
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Listed by: Bruce Johnson • Mls Assist
Mls Name: MLS United
Mls ID: #4120636