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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lake Cormorant at 290 Highway 301 N, Lake Cormorant, MS, 38641 listed at $394,900 pairs $2,795/mo rent with a $1,933/mo payment to leave $378/mo cash flow. Total monthly income runs $2,795/mo, and annual cash flow reaches $4,539/yr on $130,909 cash to close. Return on cash invested measures 23.38% in year one, and rental yield registers 8.49% at a $394,900 basis. Equity gained on principal adds $2,548/yr, and annual property appreciation at 5% supports $109,104 by year five. Five-year ROI tracks 121.37% and total cumulative return in cash totals $158,879. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,795/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
3 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
Date | Event | Price |
|---|---|---|
| 2025-06-13 | Listed for sale | $394,900 |
| 2024-05-13 | Sold | N/A |
| 2024-02-23 | Pending sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-20 | $1274.79 | 157.69% | $12,621 | 1.79% |
| 2023-06-20 | $494.70 | -26.42% | $12,399 | -12.42% |
| 2022-06-20 | $672.32 | -1.86% | $14,158 | -0.88% |
Listed by: Daniel Demers • Sell Your Home Services, LLC.
Mls Name: MLS United
Mls ID: #4116200
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
