3318 Jade LnSouthavenMS38672
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3318 Jade Ln, Southaven, MS, 38672 in Southaven is a solid income-producing rental, 9.81% gross yield, $2,003/mo rent, $421/mo net cash flow on a $245,000 buy. DSCR 1.82 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $67,689 and $2,256/yr in principal reduction project a total cumulative return of $125,224.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.2% |
| Monthly Cash Flow | $421 | $850 |
City averages based on Southaven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,003 |
| Total Monthly Debt Service | $1,402 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2018
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,831 (100%) |
| Owner Occupied HU | 5,849 (85.6%) |
| Renter Occupied HU | 714 (10.5%) |
| Vacant Housing Units | 268 ( 3.9%) |
| Median Home Value | $327,503 |
| Average Home Value | $356,143 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2018
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,831 (100%) |
| Owner Occupied HU | 5,849 (85.6%) |
| Renter Occupied HU | 714 (10.5%) |
| Vacant Housing Units | 268 ( 3.9%) |
| Median Home Value | $327,503 |
| Average Home Value | $356,143 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy N Cardwell • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4135778