2B Lake DrBurnsvilleMS38833
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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
Rental property for sale in Burnsville at 2B Lake Dr, Burnsville, MS, 38833 priced at $239,900 converts $2,096/mo rent into $628/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,096/mo, and annual cash flow totals $7,538/yr on $79,527 invested. Return on cash invested prints 29.39% in year one, and rental yield reads 10.48% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 153.62% and total cumulative return in cash sums $122,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,096/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38833, Burnsville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 755 (63.8%) |
| Renter Occupied HU | 221 (18.7%) |
| Vacant Housing Units | 208 (17.6%) |
| Median Home Value | $150,130 |
| Average Home Value | $290,000 |
Housing Distribution
Address Breakdown
Residential
1,027
Single Family
1,003
Multi-Family
24
Businesses
66
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Listed by: Emily McGrath • The Franklin Agency, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-1748
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.