3624 Highway 178 WHolly SpringsMS38635
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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
Investment property for sale in Holly Springs at 3624 Highway 178 W, Holly Springs, MS, 38635 uses $41,438 cash to close to unlock $2,495/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $973/mo, and a $612/mo payment keeps the spread at $208/mo. Purchase price stands at $125,000, and rental yield measures 9.34% with $973/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 135.05% and total cumulative return in cash records $55,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $973/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1954
1 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: Danita Bell • Re/Max Experts
Mls Name: MLS United
Mls ID: #4094040
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.