302 W Lafayette StWater ValleyMS38965
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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 Water Valley at 302 W Lafayette St, Water Valley, MS, 38965 offers $1,680/mo rent that, after a $1,125/mo payment, leaves $273/mo cash flow. Total monthly income is $1,680/mo, and annual cash flow is $3,280/yr on $76,212 cash. Return on cash invested measures 24.21% in year one, and rental yield stands at 8.77% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 125.89% and total cumulative return in cash reaches $95,939. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38965, Water Valley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,458 (100%) |
| Owner Occupied HU | 2,892 (64.9%) |
| Renter Occupied HU | 889 (19.9%) |
| Vacant Housing Units | 677 (15.2%) |
| Median Home Value | $150,475 |
| Average Home Value | $174,296 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,957
Multi-Family
62
Businesses
307
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Listed by: Lee McMinn • McMinn Realty and Land
Mls Name: NCMBR
Mls ID: #162264