2024 Lake Circle DrTupeloMS38801
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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 Tupelo at 2024 Lake Circle Dr, Tupelo, MS, 38801 priced at $564,999 pairs $2,671/mo rent with after a $2,765/mo payment. Total monthly income equals $2,671/mo. Return on cash invested is 14.05% in year one, and rental yield stands at 5.67% on a $564,999 basis. Equity gained on principal adds $3,646/yr, and 5% annual appreciation accumulates to $156,099 by year five. Five-year ROI measures 71.65% and total cumulative return in cash reaches $133,191. For financing, Ziffy Mortgage’s DSCR program evaluates $2,671/mo property income against a $2,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$59 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38801, Tupelo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 7,976 (60.3%) |
| Renter Occupied HU | 4,162 (31.5%) |
| Vacant Housing Units | 1,093 ( 8.3%) |
| Median Home Value | $203,288 |
| Average Home Value | $247,283 |
Housing Distribution
Address Breakdown
Residential
12,437
Single Family
10,824
Multi-Family
1,613
Businesses
1,316
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Listed by: Cindy Waters • AIM HIGH REALTY, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3036
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.