400 Providence Rd, Grenada, MS, 38901 | $703/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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400 Providence Rd, Grenada, MS, 38901 | $703/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Grenada at 400 Providence Rd, Grenada, MS, 38901 priced at $300,000 pairs $2,538/mo rent with $703/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,538/mo, and annual cash flow comes to $8,430/yr on $99,450 invested. Return on cash invested is 28.39% in year one, and rental yield stands at 10.15% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 148.22% and total cumulative return in cash reaches $147,408. For financing, Ziffy Mortgage’s DSCR program evaluates $2,538/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2006

2 Acres lot

$N/A/sqft

No HOA

More details about the property

If you are looking for your new quiet, country home then look no farther! This beautiful 2,775 square foot home is located in the ideal place! Located only 8 miles from town and 3 miles from Grenada lake, one could only dream of a more desirable location. With 2,775 square feet, this 4 bed/2 bath home will suit your familys needs for years to come! Enjoy an outdoor lifestyle with a very spacious yard and a massive 22x44 concrete patio that is perfect for entertaining guest, grilling, and much more! And get ready to take summer to a new level of fun with a large, above-ground pool that has a deck that wraps around the full length of the pool! Want to sit on the back porch? With the very comfortable size of the back porch, you could watch for wildlife, read a book, take a nap, and so much more! The carport is also wired and ready for a garage door installation. Plus, the house will come with a brand new, professionally installed roof for a piece of mind that you deserve! With two central air conditioning units, two on demand water heaters, and ample space, this beautiful home has plenty to offer for just about anyones needs. Dont let the home of your dreams get away before its too late, as this property will sell fast!

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