3520 Dorchester DrHorn LakeMS38637
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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 Horn Lake at 3520 Dorchester Dr, Horn Lake, MS, 38637 priced at $220,000 pairs $1,913/mo rent with $567/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,913/mo, and annual cash flow comes to $6,798/yr on $72,930 invested. Return on cash invested is 29.23% in year one, and rental yield stands at 10.43% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 152.76% and total cumulative return in cash reaches $111,407. For financing, Ziffy Mortgage’s DSCR program evaluates $1,913/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38637, Horn Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,770 (100%) |
| Owner Occupied HU | 6,439 (59.8%) |
| Renter Occupied HU | 3,658 (34.0%) |
| Vacant Housing Units | 673 ( 6.2%) |
| Median Home Value | $174,352 |
| Average Home Value | $194,142 |
Housing Distribution
Address Breakdown
Residential
10,426
Single Family
8,887
Multi-Family
1,539
Businesses
561
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Listed by: Anayeli Vargas • Centric Realty, LLC
Mls Name: MLS United
Mls ID: #4101540
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.