3500 Shiloh Ridge RdCorinthMS38834
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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 Corinth at 3500 Shiloh Ridge Rd, Corinth, MS, 38834 generates $2,809/mo in rent and, after a $1,957/mo payment, leaves $362/mo in cash flow. Total monthly income is $2,809/mo, and annual cash flow is $4,345/yr on $132,567 invested. Return on cash invested sits at 23.19% in year one, and rental yield is 8.43% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash sums $159,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,809/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,009 (100%) |
| Owner Occupied HU | 7,802 (60.0%) |
| Renter Occupied HU | 3,798 (29.2%) |
| Vacant Housing Units | 1,409 (10.8%) |
| Median Home Value | $146,073 |
| Average Home Value | $191,454 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: Olivia Payne Nixon • Wilco Real Estate Group
Mls Name: NMMLS
Mls ID: #25-2560