412 Tarnell RdGrenadaMS38901
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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
Rental property for sale in Grenada at 412 Tarnell Rd, Grenada, MS, 38901 priced at $129,500 converts $1,231/mo rent into $438/mo cash flow after a $634/mo obligation. Total monthly income equals $1,231/mo, and annual cash flow totals $5,259/yr on $42,929 invested. Return on cash invested prints 32.16% in year one, and rental yield reads 11.41% against a $129,500 entry. Equity gained on principal adds $836/yr, while 5% annual appreciation compiles into $35,778 by year five. Five-year ROI reaches 168.56% and total cumulative return in cash sums $72,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $634/mo payment, not borrower’s personal income.
Single Family
Built in 1974
4.70 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: Judy Lundy • Landmark Realty
Mls Name: My State MLS
Mls ID: #11456580