1606 Montys CirSouthavenMS38672
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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 Southaven at 1606 Montys Cir, Southaven, MS, 38672 listed at $408,000 pairs $3,407/mo rent with a $1,997/mo payment to leave $910/mo cash flow. Total monthly income runs $3,407/mo, and annual cash flow reaches $10,922/yr on $135,252 cash to close. Return on cash invested measures 27.98% in year one, and rental yield registers 10.02% at a $408,000 basis. Equity gained on principal adds $2,633/yr, and annual property appreciation at 5% supports $112,723 by year five. Five-year ROI tracks 146.08% and total cumulative return in cash totals $197,575. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,407/mo property income relative to a $1,997/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,831 (100%) |
| Owner Occupied HU | 5,849 (85.6%) |
| Renter Occupied HU | 714 (10.5%) |
| Vacant Housing Units | 268 ( 3.9%) |
| Median Home Value | $327,503 |
| Average Home Value | $356,143 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
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Listed by: Jaime R Ross • Local Agency Realty Group
Mls Name: MLS United
Mls ID: #4135722