2147 Franklin DrSouthavenMS38672
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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 Southaven at 2147 Franklin Dr, Southaven, MS, 38672 uses $104,423 cash to close to unlock $3,541/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $2,223/mo, and a $1,542/mo payment keeps the spread at $295/mo. Purchase price stands at $315,000, and rental yield measures 8.47% with $2,223/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 120.98% and total cumulative return in cash records $126,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,223/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,831 (100%) |
| Owner Occupied HU | 5,849 (85.6%) |
| Renter Occupied HU | 714 (10.5%) |
| Vacant Housing Units | 268 ( 3.9%) |
| Median Home Value | $327,503 |
| Average Home Value | $356,143 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
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Listed by: Brennan Bynum • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4132054