2904 S Cherry DrSouthavenMS38671
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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 2904 S Cherry Dr, Southaven, MS, 38671 uses $124,313 cash to close to unlock $4,195/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $2,644/mo, and a $1,835/mo payment keeps the spread at $350/mo. Purchase price stands at $375,000, and rental yield measures 8.46% with $2,644/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 120.85% and total cumulative return in cash records $150,231. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,644/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38671, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,099 (100%) |
| Owner Occupied HU | 9,245 (57.4%) |
| Renter Occupied HU | 5,393 (33.5%) |
| Vacant Housing Units | 1,461 ( 9.1%) |
| Median Home Value | $194,957 |
| Average Home Value | $229,616 |
Housing Distribution
Address Breakdown
Residential
15,934
Single Family
12,375
Multi-Family
3,559
Businesses
1,693
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Listed by: Candace D Franklin • Re/Max Experts
Mls Name: MLS United
Mls ID: #4125636