464 Steel Mill RdMendenhallMS39114
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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 464 Steel Mill Rd, Mendenhall, MS, 39114 uses $69,814 cash to close to unlock $1,884/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,446/mo, and a $1,031/mo payment keeps the spread at $157/mo. Purchase price stands at $210,600, and rental yield measures 8.24% with $1,446/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $58,185 over five years. Five-year ROI reaches 117.29% and total cumulative return in cash records $81,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,446/mo property income covering a $1,031/mo payment rather than investor’s personal income.
Single Family
Built in 1996
3 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: Lisa Bourgoyne • Epique
Mls Name: MLS United
Mls ID: #4099003
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.