200 American River Dr, Lake Cormorant, MS, 38641 | $997/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Cormorant at 200 American River Dr, Lake Cormorant, MS, 38641 uses $107,738 cash to close to unlock $11,958/yr annual cash flow and $997/mo monthly cash flow. Total monthly income runs $2,999/mo, and a $1,591/mo payment keeps the spread at $997/mo. Purchase price stands at $325,000, and rental yield measures 11.07% with $2,999/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 162.34% and total cumulative return in cash records $174,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,999/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Single Family

Built in 1998

0.79 Acres lot

$N/A/sqft

$160 annually 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