2978 Boffin DrSouthavenMS38672
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 2978 Boffin Dr, Southaven, MS, 38672 generates $2,698/mo in rent and, after a $1,640/mo payment, leaves $648/mo in cash flow. Total monthly income is $2,698/mo, and annual cash flow is $7,772/yr on $111,053 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 9.66% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 140.28% and total cumulative return in cash sums $155,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,698/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
3,484 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam M Jones • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4126003