424 Cannon RdBatesvilleMS38606
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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 Batesville at 424 Cannon Rd, Batesville, MS, 38606 priced at $138,000 pairs $1,107/mo rent with $233/mo cash flow after a $675/mo payment. Total monthly income equals $1,107/mo, and annual cash flow comes to $2,794/yr on $45,747 invested. Return on cash invested is 26.02% in year one, and rental yield stands at 9.63% on a $138,000 basis. Equity gained on principal adds $890/yr, and 5% annual appreciation accumulates to $38,127 by year five. Five-year ROI measures 135.79% and total cumulative return in cash reaches $62,118. For financing, Ziffy Mortgage’s DSCR program evaluates $1,107/mo property income against a $675/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38606, Batesville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,351 (67.3%) |
| Renter Occupied HU | 1,419 (21.9%) |
| Vacant Housing Units | 697 (10.8%) |
| Median Home Value | $178,967 |
| Average Home Value | $221,565 |
Housing Distribution
Address Breakdown
Residential
6,257
Single Family
5,958
Multi-Family
299
Businesses
830
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A