310 Polly AveMendenhallMS39114
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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 Mendenhall at 310 Polly Ave, Mendenhall, MS, 39114 generates $1,380/mo in rent and, after a $856/mo payment, leaves $310/mo in cash flow. Total monthly income is $1,380/mo, and annual cash flow is $3,717/yr on $57,979 invested. Return on cash invested sits at 26.32% in year one, and rental yield is 9.47% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 137.14% and total cumulative return in cash sums $79,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39114, Mendenhall, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,226 (70.6%) |
| Renter Occupied HU | 719 (15.7%) |
| Vacant Housing Units | 622 (13.6%) |
| Median Home Value | $122,723 |
| Average Home Value | $169,704 |
Housing Distribution
Address Breakdown
Residential
4,107
Single Family
3,999
Multi-Family
108
Businesses
344
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Listed by: Hartley Havard • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4074296
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.