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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Southaven at 377 Ericson St, Southaven, MS, 38672 offers $3,161/mo rent that, after a $2,031/mo payment, leaves $622/mo cash flow. Total monthly income is $3,161/mo, and annual cash flow is $7,459/yr on $137,573 cash. Return on cash invested measures 25.33% in year one, and rental yield stands at 9.14% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 131.83% and total cumulative return in cash reaches $181,365. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,161/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
| 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 |
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
Date | Event | Price |
|---|---|---|
| 2024-12-07 | Listed for sale | $415,000 |
| 2010-07-03 | Listing removed | $199,500 |
| 2010-05-30 | Listed for sale | $199,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-28 | $2417.43 | 2.43% | $18,772 | N/A |
| 2022-01-28 | $2360.18 | N/A | $18,772 | N/A |
| 2021-01-28 | $2360.18 | 8.26% | $18,772 | 7.26% |
Listed by: Clint Bolton • RE/MAX Realty Group
Mls Name: MLS United
Mls ID: #4098399
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
