1995 Highway 301 NLake CormorantMS38641
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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 Lake Cormorant at 1995 Highway 301 N, Lake Cormorant, MS, 38641 earns $175/mo cash flow from $3,046/mo rent with a $2,296/mo payment. Total monthly income totals $3,046/mo, and annual cash flow totals $2,106/yr on $155,474 capital. ROI tracks 21.26% on current figures, and rental yield reads 7.79% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 110.02% and total cumulative return in cash sums $171,055. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,046/mo property income instead of your personal income.
Single Family
Built in 2003
3.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Housing Distribution
Address Breakdown
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
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Listed by: Amy Sheley • Bill Sexton Realty
Mls Name: MLS United
Mls ID: #4119749