184 Iris StGreenvilleMS38701
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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 Greenville at 184 Iris St, Greenville, MS, 38701 priced at $129,000 converts $976/mo rent into $187/mo cash flow after a $631/mo obligation. Total monthly income equals $976/mo, and annual cash flow totals $2,244/yr on $42,764 invested. Return on cash invested prints 25.16% in year one, and rental yield reads 9.08% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 130.88% and total cumulative return in cash sums $55,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $976/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1963
9,020 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38701, Greenville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,118 (100%) |
| Owner Occupied HU | 5,025 (49.7%) |
| Renter Occupied HU | 3,593 (35.5%) |
| Vacant Housing Units | 1,500 (14.8%) |
| Median Home Value | $124,149 |
| Average Home Value | $181,273 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,148
Multi-Family
1,048
Businesses
961
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Listed by: Bridgett Winters • HOMELAND REALTY, LLC
Mls Name: Greenville Area BOR
Mls ID: #91134