1964 Thomas StHorn LakeMS38637
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 Horn Lake at 1964 Thomas St, Horn Lake, MS, 38637 priced at $217,500 pairs $1,846/mo rent with $515/mo cash flow after a $1,065/mo payment. Total monthly income equals $1,846/mo, and annual cash flow comes to $6,175/yr on $72,101 invested. Return on cash invested is 28.47% in year one, and rental yield stands at 10.18% on a $217,500 basis. Equity gained on principal adds $1,403/yr, and 5% annual appreciation accumulates to $60,091 by year five. Five-year ROI measures 148.7% and total cumulative return in cash reaches $107,214. For financing, Ziffy Mortgage’s DSCR program evaluates $1,846/mo property income against a $1,065/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38637, Horn Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,770 (100%) |
| Owner Occupied HU | 6,439 (59.8%) |
| Renter Occupied HU | 3,658 (34.0%) |
| Vacant Housing Units | 673 ( 6.2%) |
| Median Home Value | $174,352 |
| Average Home Value | $194,142 |
Housing Distribution
Address Breakdown
Residential
10,426
Single Family
8,887
Multi-Family
1,539
Businesses
561
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Listed by: Pamela R Colvin • Keller Williams Realty - Getwell
Mls Name: MLS United
Mls ID: #4090542
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.