360 E College AveHolly SpringsMS38635
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 Holly Springs at 360 E College Ave, Holly Springs, MS, 38635 offers $1,162/mo rent that, after a $778/mo payment, leaves $189/mo cash flow. Total monthly income is $1,162/mo, and annual cash flow is $2,271/yr on $52,709 cash. Return on cash invested measures 24.22% in year one, and rental yield stands at 8.77% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 125.92% and total cumulative return in cash reaches $66,372. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,162/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38635, Holly Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,181 (100%) |
| Owner Occupied HU | 3,704 (59.9%) |
| Renter Occupied HU | 1,301 (21.0%) |
| Vacant Housing Units | 1,176 (19.0%) |
| Median Home Value | $192,125 |
| Average Home Value | $239,081 |
Housing Distribution
Address Breakdown
Residential
6,057
Single Family
5,801
Multi-Family
256
Businesses
509
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Listed by: Mary L Williams • Coldwell Banker Collins-Maury Southaven
Mls Name: MLS United
Mls ID: #4083889
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.