438 County Road 855ShannonMS38868
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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 Shannon at 438 County Road 855, Shannon, MS, 38868 uses $76,212 cash to close to unlock $1,408/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $1,125/mo payment keeps the spread at $117/mo. Purchase price stands at $229,900, and rental yield measures 7.95% with $1,524/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 112.71% and total cumulative return in cash records $85,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38868, Shannon, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,337 (100%) |
| Owner Occupied HU | 1,669 (71.4%) |
| Renter Occupied HU | 412 (17.6%) |
| Vacant Housing Units | 256 (11.0%) |
| Median Home Value | $169,179 |
| Average Home Value | $217,689 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
122
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Listed by: Jessica Shidler • TM REALTORS
Mls Name: NMMLS
Mls ID: #26-124