2240 Julianna DrSouthavenMS38672
Nearby investment properties with comparable rents
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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 Southaven at 2240 Julianna Dr, Southaven, MS, 38672 priced at $375,900 converts $3,161/mo rent into $840/mo cash flow after a $1,840/mo obligation. Total monthly income equals $3,161/mo, and annual cash flow totals $10,076/yr on $124,611 invested. Return on cash invested prints 28% in year one, and rental yield reads 10.09% against a $375,900 entry. Equity gained on principal adds $2,426/yr, while 5% annual appreciation compiles into $103,854 by year five. Five-year ROI reaches 146.19% and total cumulative return in cash sums $182,169. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,161/mo property income covering a $1,840/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
$250 annually 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: Amy M McBride • Sky Lake Realty LLC
Mls Name: MLS United
Mls ID: #4094967
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.