24 Gross AveBurnsvilleMS38833
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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 Burnsville at 24 Gross Ave, Burnsville, MS, 38833 uses $48,101 cash to close to unlock $8,991/yr annual cash flow and $749/mo monthly cash flow. Total monthly income runs $1,637/mo, and a $710/mo payment keeps the spread at $749/mo. Purchase price stands at $145,100, and rental yield measures 13.54% with $1,637/mo rent. Return on cash invested shows 38.6% in year one, and 5% annual appreciation builds toward $40,088 over five years. Five-year ROI reaches 203.06% and total cumulative return in cash records $97,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1964
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38833, Burnsville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 755 (63.8%) |
| Renter Occupied HU | 221 (18.7%) |
| Vacant Housing Units | 208 (17.6%) |
| Median Home Value | $150,130 |
| Average Home Value | $290,000 |
Housing Distribution
Address Breakdown
Residential
1,027
Single Family
1,003
Multi-Family
24
Businesses
66
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Listed by: N/A • N/A
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