203 Southern AveSenatobiaMS38668
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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
Investment property for sale in Senatobia at 203 Southern Ave, Senatobia, MS, 38668 uses $75,914 cash to close to unlock $10,062/yr annual cash flow and $838/mo monthly cash flow. Total monthly income runs $2,240/mo, and a $1,121/mo payment keeps the spread at $838/mo. Purchase price stands at $229,000, and rental yield measures 11.74% with $2,240/mo rent. Return on cash invested shows 33.16% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 173.86% and total cumulative return in cash records $131,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,240/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38668, Senatobia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,734 (100%) |
| Owner Occupied HU | 3,823 (66.7%) |
| Renter Occupied HU | 1,423 (24.8%) |
| Vacant Housing Units | 488 ( 8.5%) |
| Median Home Value | $212,924 |
| Average Home Value | $225,574 |
Housing Distribution
Address Breakdown
Residential
5,333
Single Family
5,232
Multi-Family
101
Businesses
540
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Listed by: Shawana Gross-Caldwell • RE/MAX Realty Group
Mls Name: MLS United
Mls ID: #4100405
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.