22 Harvest Dance DrByhaliaMS38611
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
Rental property for sale in Byhalia at 22 Harvest Dance Dr, Byhalia, MS, 38611 generates $2,220/mo in rent and, after a $1,581/mo payment, leaves $181/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $2,170/yr on $107,071 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 8.25% on a $322,990 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,236 over five years. Five-year ROI reaches 113.87% and total cumulative return in cash sums $121,926. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
$375 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38611, Byhalia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,824 (100%) |
| Owner Occupied HU | 5,592 (71.5%) |
| Renter Occupied HU | 1,104 (14.1%) |
| Vacant Housing Units | 1,128 (14.4%) |
| Median Home Value | $237,625 |
| Average Home Value | $262,857 |
Housing Distribution
Address Breakdown
Residential
7,121
Single Family
7,032
Multi-Family
89
Businesses
350
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christy McElhaney • D R Horton Inc (Memphis)
Mls Name: MLS United
Mls ID: #4092703
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.