2939 Boffin DrSouthavenMS38672
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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 2939 Boffin Dr, Southaven, MS, 38672 listed at $339,999 pairs $2,899/mo rent with a $1,664/mo payment to leave $819/mo cash flow. Total monthly income runs $2,899/mo, and annual cash flow reaches $9,822/yr on $112,710 cash to close. Return on cash invested measures 28.62% in year one, and rental yield registers 10.23% at a $339,999 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,935 by year five. Five-year ROI tracks 149.49% and total cumulative return in cash totals $168,486. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,899/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No 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: Cynthia L Lewis • Kaizen Realty
Mls Name: MLS United
Mls ID: #4120682