3704 Andreas DrSouthavenMS38672
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 Southaven at 3704 Andreas Dr, Southaven, MS, 38672 priced at $358,500 converts $2,818/mo rent into $611/mo cash flow after a $1,755/mo obligation. Total monthly income equals $2,818/mo, and annual cash flow totals $7,326/yr on $118,843 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 9.43% against a $358,500 entry. Equity gained on principal adds $2,313/yr, while 5% annual appreciation compiles into $99,047 by year five. Five-year ROI reaches 135.88% and total cumulative return in cash sums $161,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,818/mo property income covering a $1,755/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
$160 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,831 (100%) |
| Owner Occupied HU | 5,849 (85.6%) |
| Renter Occupied HU | 714 (10.5%) |
| Vacant Housing Units | 268 ( 3.9%) |
| Median Home Value | $327,503 |
| Average Home Value | $356,143 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
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Nearby investment properties with comparable prices
Listed by: Lauren E Bogart • Legacy Homes Realty, LLC
Mls Name: MLS United
Mls ID: #4065396
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.