3382 John Michael DrSouthavenMS38672
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Southaven rental at 3382 John Michael Dr, Southaven, MS, 38672 sits in the solid-income band: 8.46% gross yield, $3,181/mo rent, $398/mo net after the $2,028/mo debt service, DSCR 1.57. Entry price of $451,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $124,603 and $4,154/yr in principal reduction bring total cumulative return to $196,613.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.2% |
| Monthly Cash Flow | $398 | $850 |
City averages based on Southaven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,181 |
| Total Monthly Debt Service | $2,604 |
| DSCR Ratio | 1.22x |
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.
Single Family
Built in 2015
0.34 Acres lot
$N/A/sqft
$280 annually 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
Single Family
Built in 2015
0.34 Acres lot
$N/A/sqft
$280 annually 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: Christy A Gowen • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4143831
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.