3414 Lindsey LnSouthavenMS38672
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
Investment Highlights
Rental property for sale in Southaven at 3414 Lindsey Ln, Southaven, MS, 38672 priced at $297,000 pairs $2,473/mo rent with $642/mo cash flow after a $1,454/mo payment. Total monthly income equals $2,473/mo, and annual cash flow comes to $7,699/yr on $98,456 invested. Return on cash invested is 27.73% in year one, and rental yield stands at 9.99% on a $297,000 basis. Equity gained on principal adds $1,916/yr, and 5% annual appreciation accumulates to $82,056 by year five. Five-year ROI measures 144.77% and total cumulative return in cash reaches $142,530. For financing, Ziffy Mortgage’s DSCR program evaluates $2,473/mo property income against a $1,454/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
9,147 sqft lot
$N/A/sqft
$160 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
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Listed by: Kelly L Powell • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4094205
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.