393 Lake Cherami DrGrenadaMS38901
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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 393 Lake Cherami Dr, Grenada, MS, 38901 listed at $325,000 pairs $1,747/mo rent with a $1,591/mo payment. Total monthly income runs $1,747/mo. Return on cash invested measures 17.21% in year one, and rental yield registers 6.45% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 88.28% and total cumulative return in cash totals $95,113. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,747/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
0.76 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: Robin Lea • Gold Key Realty LLC
Mls Name: MLS United
Mls ID: #4113143
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.