384 Jefferson StGrenadaMS38901
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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 Grenada at 384 Jefferson St, Grenada, MS, 38901 uses $43,095 cash to close to unlock $3,573/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,093/mo, and a $636/mo payment keeps the spread at $298/mo. Purchase price stands at $130,000, and rental yield measures 10.09% with $1,093/mo rent. Return on cash invested shows 28.2% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 147.23% and total cumulative return in cash records $63,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,093/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 4,779 (57.0%) |
| Renter Occupied HU | 2,606 (31.1%) |
| Vacant Housing Units | 1,004 (12.0%) |
| Median Home Value | $144,519 |
| Average Home Value | $191,613 |
Housing Distribution
Address Breakdown
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
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Listed by: Levetta Me'Rae Armstrong • BROCON REALTY GROUP, LLC
Mls Name: NMMLS
Mls ID: #25-2901