2247 Metcalf WaySouthavenMS38672
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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
Investment property for sale in Southaven at 2247 Metcalf Way, Southaven, MS, 38672 offers a 8.03% rental yield on a $265,000 purchase with $1,773/mo rent. Total monthly income registers $1,773/mo, and a $1,297/mo payment leaves $131/mo available for distribution. Annual cash flow reaches $1,566/yr on $87,848 to close, and return on cash invested stands at 21.69% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 112.44% and total cumulative return in cash at $98,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,773/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.27 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: Jordan A Ray A Ray • eXp Realty
Mls Name: MLS United
Mls ID: #4093892
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.