415 Herring StWater ValleyMS38965
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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 Water Valley at 415 Herring St, Water Valley, MS, 38965 generates $812/mo in rent and, after a $509/mo payment, leaves $176/mo in cash flow. Total monthly income is $812/mo, and annual cash flow is $2,107/yr on $34,476 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.37% on a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 135.57% and total cumulative return in cash sums $46,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $812/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38965, Water Valley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,458 (100%) |
| Owner Occupied HU | 2,892 (64.9%) |
| Renter Occupied HU | 889 (19.9%) |
| Vacant Housing Units | 677 (15.2%) |
| Median Home Value | $150,475 |
| Average Home Value | $174,296 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,957
Multi-Family
62
Businesses
307
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Listed by: Hallie Thomas • RE/MAX LEGACY
Mls Name: NCMBR
Mls Provider:
Mls ID: #159388
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.