162 Shannon AveShannonMS38868
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
Rental property for sale in Shannon at 162 Shannon Ave, Shannon, MS, 38868 priced at $344,000 converts $2,521/mo rent into $416/mo cash flow after a $1,684/mo obligation. Total monthly income equals $2,521/mo, and annual cash flow totals $4,987/yr on $114,036 invested. Return on cash invested prints 24.28% in year one, and rental yield reads 8.79% against a $344,000 entry. Equity gained on principal adds $2,220/yr, while 5% annual appreciation compiles into $95,041 by year five. Five-year ROI reaches 126.21% and total cumulative return in cash sums $143,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,521/mo property income covering a $1,684/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38868, Shannon, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,337 (100%) |
| Owner Occupied HU | 1,669 (71.4%) |
| Renter Occupied HU | 412 (17.6%) |
| Vacant Housing Units | 256 (11.0%) |
| Median Home Value | $169,179 |
| Average Home Value | $217,689 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha Hood • TRI Inc/Realtors
Mls Name: NMMLS
Mls ID: #25-3350