4246 Simpson Cv #13MendenhallMS39114
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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
Investment property for sale in Mendenhall at 4246 Simpson Cv #13, Mendenhall, MS, 39114 listed at $159,999 pairs $1,271/mo rent with a $783/mo payment to leave $212/mo cash flow. Total monthly income runs $1,271/mo, and annual cash flow reaches $2,541/yr on $53,040 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.53% at a $159,999 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 129.12% and total cumulative return in cash totals $68,485. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,271/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
10 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
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Listed by: Amanda M Allen • Prestige Luxury Realty
Mls Name: MLS United
Mls ID: #4074453
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.