315 McLemore RdWalnut GroveMS39189
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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 Walnut Grove at 315 McLemore Rd, Walnut Grove, MS, 39189 generates $972/mo in rent, after a $1,640/mo payment. Total monthly income is $972/mo. Return on cash invested sits at 8.26% in year one, and rental yield is 3.48% 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 40.27% and total cumulative return in cash sums $44,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $972/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
8.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39189, Walnut Grove, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,545 (100%) |
| Owner Occupied HU | 1,065 (68.9%) |
| Renter Occupied HU | 320 (20.7%) |
| Vacant Housing Units | 160 (10.4%) |
| Median Home Value | $125,647 |
| Average Home Value | $159,493 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,314
Multi-Family
46
Businesses
50
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Listed by: Matt Alford • Alford Realty
Mls Name: MLS United
Mls ID: #4136826