1705 Lakefield DrTupeloMS38801
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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 Tupelo at 1705 Lakefield Dr, Tupelo, MS, 38801 uses $115,694 cash to close to unlock $4,530/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $2,513/mo, and a $1,708/mo payment keeps the spread at $377/mo. Purchase price stands at $349,000, and rental yield measures 8.64% with $2,513/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash records $143,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,513/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38801, Tupelo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 7,976 (60.3%) |
| Renter Occupied HU | 4,162 (31.5%) |
| Vacant Housing Units | 1,093 ( 8.3%) |
| Median Home Value | $203,288 |
| Average Home Value | $247,283 |
Housing Distribution
Address Breakdown
Residential
12,437
Single Family
10,824
Multi-Family
1,613
Businesses
1,316
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Listed by: Haven Hildenbrand • COLDWELL BANKER SOUTHERN REAL ESTATE
Mls Name: NMMLS
Mls ID: #25-3842