2883 Colony CvSouthavenMS38672
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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 2883 Colony Cv, Southaven, MS, 38672 earns $609/mo cash flow from $2,959/mo rent with a $1,860/mo payment. Total monthly income totals $2,959/mo, and annual cash flow totals $7,302/yr on $125,970 capital. ROI tracks 25.71% on current figures, and rental yield reads 9.34% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 133.95% and total cumulative return in cash sums $168,733. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,959/mo property income instead of your personal income.
Single Family
Built in 2014
0.48 Acres lot
$N/A/sqft
$300 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: Lisa Clements • Turn Key Realty Group LLC
Mls Name: MLS United
Mls ID: #4094417
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.