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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lake Cormorant at 4182 Summer Cir, Lake Cormorant, MS, 38641 generates $2,383/mo in rent and, after a $1,857/mo payment, leaves $61/mo in cash flow. Total monthly income is $2,383/mo, and annual cash flow is $733/yr on $125,804 invested. Return on cash invested sits at 20.49% in year one, and rental yield is 7.54% on a $379,500 entry. Equity gained on principal adds $2,449/yr, while 5% annual appreciation builds toward $104,849 over five years. Five-year ROI reaches 105.91% and total cumulative return in cash sums $133,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,383/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
Date | Event | Price |
|---|---|---|
| 2024-10-31 | Price change | $379,500 |
| 2024-07-26 | Price change | $380,000 |
| 2024-06-28 | Price change | $394,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-28 | $1765.28 | 1.42% | $19,868 | N/A |
| 2022-01-28 | $1740.54 | 1.44% | $19,868 | N/A |
| 2021-01-28 | $1715.81 | 1.46% | $19,868 | N/A |
Listed by: Pamela R Colvin • Keller Williams Realty - Getwell
Mls Name: MLS United
Mls ID: #4083219
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
