19 Garret LnEllisvilleMS39437
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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 Ellisville at 19 Garret Ln, Ellisville, MS, 39437 priced at $340,000 converts $2,905/mo rent into $825/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,905/mo, and annual cash flow totals $9,894/yr on $112,710 invested. Return on cash invested prints 28.69% in year one, and rental yield reads 10.25% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 149.85% and total cumulative return in cash sums $168,894. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,905/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39437, Ellisville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,334 (100%) |
| Owner Occupied HU | 3,863 (72.4%) |
| Renter Occupied HU | 884 (16.6%) |
| Vacant Housing Units | 587 (11.0%) |
| Median Home Value | $184,585 |
| Average Home Value | $211,798 |
Housing Distribution
Address Breakdown
Residential
5,324
Single Family
5,212
Multi-Family
112
Businesses
331
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Listed by: Susan Blackledge • Magnolia Real Estate
Mls Name: HSMLS
Mls Provider:
Mls ID: #136564
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.