216 Court StClarksdaleMS38614
Nearby investment properties with comparable rents
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 Clarksdale at 216 Court St, Clarksdale, MS, 38614 listed at $179,000 pairs $1,435/mo rent with a $876/mo payment to leave $340/mo cash flow. Total monthly income runs $1,435/mo, and annual cash flow reaches $4,077/yr on $59,339 cash to close. Return on cash invested measures 26.78% in year one, and rental yield registers 9.62% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 139.6% and total cumulative return in cash totals $82,839. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,435/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1906
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38614, Clarksdale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,028 (100%) |
| Owner Occupied HU | 3,686 (45.9%) |
| Renter Occupied HU | 2,975 (37.1%) |
| Vacant Housing Units | 1,367 (17.0%) |
| Median Home Value | $102,066 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
7,372
Single Family
6,055
Multi-Family
1,317
Businesses
1,101
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Nearby investment properties with comparable prices
Listed by: Jones Luster • Mossy Oak Properties Bottomlan
Mls Name: MLS United
Mls ID: #4087189
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.