4844 Port Meridian DrHorn LakeMS38637
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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 Horn Lake at 4844 Port Meridian Dr, Horn Lake, MS, 38637 uses $109,362 cash to close to unlock $4,043/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $2,356/mo, and a $1,615/mo payment keeps the spread at $337/mo. Purchase price stands at $329,900, and rental yield measures 8.57% with $2,356/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 122.57% and total cumulative return in cash records $134,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,356/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38637, Horn Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,770 (100%) |
| Owner Occupied HU | 6,439 (59.8%) |
| Renter Occupied HU | 3,658 (34.0%) |
| Vacant Housing Units | 673 ( 6.2%) |
| Median Home Value | $174,352 |
| Average Home Value | $194,142 |
Housing Distribution
Address Breakdown
Residential
10,426
Single Family
8,887
Multi-Family
1,539
Businesses
561
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Listed by: Tanner Hernandez • Kitchens Realty Group
Mls Name: MLS United
Mls ID: #4121535