321 W Chippewa St, Brookhaven, MS, 39601 | $250/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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321 W Chippewa St, Brookhaven, MS, 39601 | $250/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Brookhaven at 321 W Chippewa St, Brookhaven, MS, 39601 offers a 8.28% rental yield on a $319,000 purchase with $2,202/mo rent. Total monthly income registers $2,202/mo, and a $1,561/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $3,003/yr on $105,749 to close, and return on cash invested stands at 22.75% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 118.01% and total cumulative return in cash at $124,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,202/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Circa 1900, this lovely home combines Victorian elegance with livable charmideal for those who appreciate architectural detail and historic character. The generous 3 bedrooms and 2 baths are showcased throughout the expansive 2,852 sf. The inviting front porch wraps around to meet the many windowed sunroom. Marvel at the soaring 12'foot ceilings with wide crown moulding attesting to the authenticity. Wonderful wood floors and decorative mantles with ornamental fireplace features are stunning focal points in various rooms. The dogtrot-style den is centrally located and lends itself to gathering for classic conversation while the galley style kitchen and eat in breakfast are positioned in the rear offering views of the backyard. This gracious Olde Towne beaut certainly commands your attention.

Neighborhood Data

Neighborhood data shown for ZIP Code: 39601, Brookhaven, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,552 (100%)
Owner Occupied HU	6,925 (65.6%)
Renter Occupied HU	2,379 (22.5%)
Vacant Housing Units	1,248 (11.8%)
Median Home Value	$154,543
Average Home Value	$215,617