2370 Johnny Ray DrSouthavenMS38672
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
Investment property for sale in Southaven at 2370 Johnny Ray Dr, Southaven, MS, 38672 offers a 10.01% rental yield on a $310,500 purchase with $2,591/mo rent. Total monthly income registers $2,591/mo, and a $1,520/mo payment leaves $691/mo available for distribution. Annual cash flow reaches $8,288/yr on $102,931 to close, and return on cash invested stands at 27.96% in year one. Equity gained on principal adds $2,004/yr while 5% annual appreciation supports $85,785 over five years. Portfolio math shows five-year ROI at 145.95% and total cumulative return in cash at $150,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,591/mo property income against a $1,520/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin Winston • Kaizen Realty
Mls Name: MLS United
Mls ID: #4126157