1960 Cherry Grove RdTerryMS39170
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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 Terry at 1960 Cherry Grove Rd, Terry, MS, 39170 uses $77,869 cash to close to unlock $723/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,498/mo, and a $1,150/mo payment keeps the spread at $60/mo. Purchase price stands at $234,900, and rental yield measures 7.65% with $1,498/mo rent. Return on cash invested shows 20.84% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 107.78% and total cumulative return in cash records $83,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,498/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Manufactured
Built in 2017
7.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39170, Terry, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,973 (100%) |
| Owner Occupied HU | 3,347 (84.2%) |
| Renter Occupied HU | 329 ( 8.3%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $287,010 |
| Average Home Value | $295,793 |
Housing Distribution
Address Breakdown
Residential
3,888
Single Family
3,864
Multi-Family
24
Businesses
180
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Listed by: Martha J Endris-Lofton • The Real Estate Shoppe
Mls Name: MLS United
Mls ID: #4116049