366 Davis Rd E, Coldwater, MS, 38618 | $320/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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366 Davis Rd E, Coldwater, MS, 38618 | $320/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Rental property for sale in Coldwater at 366 Davis Rd E, Coldwater, MS, 38618 generates $1,880/mo in rent and, after a $1,248/mo payment, leaves $320/mo in cash flow. Total monthly income is $1,880/mo, and annual cash flow is $3,837/yr on $84,499 invested. Return on cash invested sits at 24.45% in year one, and rental yield is 8.85% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 127.1% and total cumulative return in cash sums $107,400. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,880/mo property income rather than buyer’s personal income.

Manufactured

Built in 2007

4 Acres lot

$N/A/sqft

No HOA

More details about the property

Great country home on 4 acres! Looking for lots of space? This well-cared for mobile home offers 4 bedrooms, 3 baths, living room and dining room combo, with patio doors leading to a nice covered back porch, a room off the dining/living area currently used as an office. Large kitchen with oversized island, lots of cabinets, large window over sink, stainless appliances and a pantry. Off the kitchen is the den which features a nice brick fireplace. The master bedroom is very pretty, and the master bath is to die for! Jetted luxury tub, separate shower, double sinks and vanity, and large walk in closet. The laundry is oversized and has plenty of room for a freezer or two! Brick underpinning and the land is lovely. Nice landscaping, front and back porches, level and fenced on 2 sides. A covered carport, shed and workshop finish off this nice home, offering a peaceful, perfect place to call home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 38618, Coldwater, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,095 (100%)
Owner Occupied HU	3,730 (73.2%)
Renter Occupied HU	781 (15.3%)
Vacant Housing Units	584 (11.5%)
Median Home Value	$221,245
Average Home Value	$229,432

Housing Distribution

Address Breakdown

Residential

4,953

Single Family

4,929

Multi-Family

Businesses

185

Price History

Date	Event	Price
2024-09-17	Price change	$254,900
2024-09-01	Listed for sale	$200,000
2016-06-07	Sold	N/A

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2023-10-16	N/A	N/A	$6,276	N/A
2022-10-16	N/A	N/A	$6,276	N/A
2021-10-16	$1.20	-99.87%	$6,276	N/A

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: MobileManufactured
Year Built: 2007
Architectural Style: Mobile - Double Wide
Building Area: 2,630
Living Area: 2,630 sqft
Property Condition: N/A

Features & Amenities

Heating: Central
Cooling: Central Air
Flooring: Ceramic Tile, Simulated Wood
Interior Features: Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Double Vanity, Eat-in Kitchen, High Speed Internet, Kitchen Island, Pantry
Exterior Features: Garden, Rain Gutters
Parking Features: Covered, Open, Storage, Gravel

Location

City: Coldwater
State: MS
Subdivision: Cottonville Estates
Lot Size: 4 Acres
Lot Features: Front Yard, Landscaped, Level, Open Lot, Rectangular Lot, Views
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Available
Sewer: Private Sewer
Water Source: Community
Road Surface Type: N/A

School Information

Elementary School: Strayhorn
Middle School: Strayhorn
High School: Strayhorn

Listed by: Judith Anderson • Anderson Realty & Construction INC

Mls Name: MLS United

Mls ID: #4091608

366 Davis Rd E,Coldwater,MS,38618

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Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

366 Davis Rd EColdwaterMS38618