423 Simpson Cir #478MendenhallMS39114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mendenhall at 423 Simpson Cir #478, Mendenhall, MS, 39114 offers a 7.02% rental yield on a $199,900 purchase with $1,170/mo rent. 95% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 97.68% and total cumulative return in cash at $64,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39114, Mendenhall, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,226 (70.6%) |
| Renter Occupied HU | 719 (15.7%) |
| Vacant Housing Units | 622 (13.6%) |
| Median Home Value | $122,723 |
| Average Home Value | $169,704 |
Housing Distribution
Address Breakdown
Residential
4,107
Single Family
3,999
Multi-Family
108
Businesses
344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hartley Havard • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4108417
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.