246 Garrett RdSilver CreekMS39663
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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 Silver Creek at 246 Garrett Rd, Silver Creek, MS, 39663 offers a 9.4% rental yield on a $155,000 purchase with $1,214/mo rent. Total monthly income registers $1,214/mo, and a $759/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,182/yr on $51,383 to close, and return on cash invested stands at 26.1% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 136.02% and total cumulative return in cash at $69,892. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,214/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39663, Silver Creek, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,316 (100%) |
| Owner Occupied HU | 957 (72.7%) |
| Renter Occupied HU | 151 (11.5%) |
| Vacant Housing Units | 208 (15.8%) |
| Median Home Value | $114,595 |
| Average Home Value | $160,152 |
Housing Distribution
Address Breakdown
Residential
1,099
Single Family
1,099
Multi-Family
0
Businesses
27
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Listed by: Stacy Thornhill • Tanya Holland Real Estate LLC
Mls Name: HSMLS
Mls Provider:
Mls ID: #143796
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.