373 Renon LnCaledoniaMS39740
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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
Rental property for sale in Caledonia at 373 Renon Ln, Caledonia, MS, 39740 priced at $349,900 converts $2,344/mo rent into $202/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,344/mo, and annual cash flow totals $2,428/yr on $115,992 invested. Return on cash invested prints 22% in year one, and rental yield reads 8.04% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 114% and total cumulative return in cash sums $132,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,344/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2008
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39740, Caledonia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,480 (100%) |
| Owner Occupied HU | 1,855 (74.8%) |
| Renter Occupied HU | 382 (15.4%) |
| Vacant Housing Units | 243 ( 9.8%) |
| Median Home Value | $247,557 |
| Average Home Value | $242,942 |
Housing Distribution
Address Breakdown
Residential
2,228
Single Family
2,228
Multi-Family
0
Businesses
81
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Listed by: TERRELL THOMAS • REGENT REAL ESTATE GROUP LLC
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-2295