331 Lake Washington Rd EGlen AllanMS38744
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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 Glen Allan at 331 Lake Washington Rd E, Glen Allan, MS, 38744 offers $1,996/mo rent that, after a $1,853/mo payment. Total monthly income is $1,996/mo. Return on cash invested measures 16.84% in year one, and rental yield stands at 6.33% at a $378,500 entry. Equity gained on principal adds $2,442/yr while 5% annual appreciation compounds into $104,573 by year five. Five-year ROI records 86.32% and total cumulative return in cash reaches $108,310. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,996/mo property income versus a $1,853/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38744, Glen Allan, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 312 (100%) |
| Owner Occupied HU | 187 (59.9%) |
| Renter Occupied HU | 56 (17.9%) |
| Vacant Housing Units | 69 (22.1%) |
| Median Home Value | $88,636 |
| Average Home Value | $140,615 |
Housing Distribution
Address Breakdown
Residential
159
Single Family
159
Multi-Family
0
Businesses
19
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Listed by: Bruce E West • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4107699
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.