200 County Road 387Water ValleyMS38965
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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 Water Valley at 200 County Road 387, Water Valley, MS, 38965 generates $1,500/mo in rent, after a $1,439/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 16.23% in year one, and rental yield is 6.12% on a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation builds toward $81,227 over five years. Five-year ROI reaches 82.99% and total cumulative return in cash sums $80,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38965, Water Valley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,458 (100%) |
| Owner Occupied HU | 2,892 (64.9%) |
| Renter Occupied HU | 889 (19.9%) |
| Vacant Housing Units | 677 (15.2%) |
| Median Home Value | $150,475 |
| Average Home Value | $174,296 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,957
Multi-Family
62
Businesses
307
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Listed by: Joey Mistilis • RE/MAX LEGACY
Mls Name: NCMBR
Mls ID: #160625