2877 High Pointe AveSouthavenMS38672
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
Rental property for sale in Southaven at 2877 High Pointe Ave, Southaven, MS, 38672 generates $2,813/mo in rent and, after a $2,006/mo payment, leaves $272/mo in cash flow. Total monthly income is $2,813/mo, and annual cash flow is $3,258/yr on $135,882 invested. Return on cash invested sits at 22.31% in year one, and rental yield is 8.24% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 115.72% and total cumulative return in cash sums $157,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,813/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
8,276 sqft lot
$N/A/sqft
$400 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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Nearby investment properties with comparable prices
Listed by: Lexie A Hill • Austin Realty Group, Inc-Her
Mls Name: MLS United
Mls ID: #4073056
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.