222 Boone RdHolly SpringsMS38635
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 Holly Springs at 222 Boone Rd, Holly Springs, MS, 38635 priced at $239,000 converts $2,366/mo rent into $903/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,366/mo, and annual cash flow totals $10,839/yr on $79,229 invested. Return on cash invested prints 33.59% in year one, and rental yield reads 11.88% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 176.16% and total cumulative return in cash sums $139,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,366/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Manufactured
Built in 2014
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38635, Holly Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,181 (100%) |
| Owner Occupied HU | 3,704 (59.9%) |
| Renter Occupied HU | 1,301 (21.0%) |
| Vacant Housing Units | 1,176 (19.0%) |
| Median Home Value | $192,125 |
| Average Home Value | $239,081 |
Housing Distribution
Address Breakdown
Residential
6,057
Single Family
5,801
Multi-Family
256
Businesses
509
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Listed by: Patricia Richmond-Young • Coldwell Banker Collins-Maury Southaven
Mls Name: MLS United
Mls ID: #4118434