2204 Mississippi StCorinthMS38834
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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 Corinth at 2204 Mississippi St, Corinth, MS, 38834 generates $1,235/mo in rent and, after a $658/mo payment, leaves $412/mo in cash flow. Total monthly income is $1,235/mo, and annual cash flow is $4,947/yr on $44,587 invested. Return on cash invested sits at 31% in year one, and rental yield is 11.02% on a $134,500 entry. Equity gained on principal adds $868/yr, while 5% annual appreciation builds toward $37,160 over five years. Five-year ROI reaches 162.32% and total cumulative return in cash sums $72,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,235/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,009 (100%) |
| Owner Occupied HU | 7,802 (60.0%) |
| Renter Occupied HU | 3,798 (29.2%) |
| Vacant Housing Units | 1,409 (10.8%) |
| Median Home Value | $146,073 |
| Average Home Value | $191,454 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: Debra Kay • Property Pros
Mls Name: NMMLS
Mls ID: #26-267