390 Cross Creek CvByhaliaMS38611
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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 Byhalia at 390 Cross Creek Cv, Byhalia, MS, 38611 offers a 8.47% rental yield on a $230,000 purchase with $1,623/mo rent. Total monthly income registers $1,623/mo, and a $1,126/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,583/yr on $76,245 to close, and return on cash invested stands at 23.3% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 120.96% and total cumulative return in cash at $92,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,623/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2014
2.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38611, Byhalia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,824 (100%) |
| Owner Occupied HU | 5,592 (71.5%) |
| Renter Occupied HU | 1,104 (14.1%) |
| Vacant Housing Units | 1,128 (14.4%) |
| Median Home Value | $237,625 |
| Average Home Value | $262,857 |
Housing Distribution
Address Breakdown
Residential
7,121
Single Family
7,032
Multi-Family
89
Businesses
350
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Listed by: Barbara Stewart • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4129708