3110 W Lake DrMeridianMS39307
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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 Meridian at 3110 W Lake Dr, Meridian, MS, 39307 priced at $129,999 converts $987/mo rent into $154/mo cash flow after a $636/mo obligation. Total monthly income equals $987/mo, and annual cash flow totals $1,854/yr on $43,095 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 9.11% against a $129,999 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,916 by year five. Five-year ROI reaches 126.26% and total cumulative return in cash sums $54,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $987/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39307, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 3,642 (51.8%) |
| Renter Occupied HU | 2,320 (33.0%) |
| Vacant Housing Units | 1,065 (15.2%) |
| Median Home Value | $85,742 |
| Average Home Value | $127,675 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,262
Multi-Family
359
Businesses
455
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Listed by: Tommy Majek • Metro Realty, LLC
Mls Name: MLS United
Mls ID: #4109915
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.