372 County Road 218FarmingtonMS38834
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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 Farmington at 372 County Road 218, Farmington, MS, 38834 uses $152,125 cash to close to unlock $1,654/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $2,946/mo, and a $2,246/mo payment keeps the spread at $138/mo. Purchase price stands at $458,900, and rental yield measures 7.7% with $2,946/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $126,786 over five years. Five-year ROI reaches 108.58% and total cumulative return in cash records $165,172. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,946/mo property income covering a $2,246/mo payment rather than investor’s personal income.
Single Family
Built in 2002
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,009 (100%) |
| Owner Occupied HU | 7,802 (60.0%) |
| Renter Occupied HU | 3,798 (29.2%) |
| Vacant Housing Units | 1,409 (10.8%) |
| Median Home Value | $146,073 |
| Average Home Value | $191,454 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: N/A • N/A
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