505 Southcreek DrOxfordMS38655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oxford at 505 Southcreek Dr, Oxford, MS, 38655 priced at $379,900 converts $2,713/mo rent into $389/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,713/mo, and annual cash flow totals $4,663/yr on $125,937 invested. Return on cash invested prints 23.61% in year one, and rental yield reads 8.57% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 122.61% and total cumulative return in cash sums $154,409. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,713/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38655, Oxford, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,797 (100%) |
| Owner Occupied HU | 12,970 (46.7%) |
| Renter Occupied HU | 9,130 (32.8%) |
| Vacant Housing Units | 5,697 (20.5%) |
| Median Home Value | $326,779 |
| Average Home Value | $423,478 |
Housing Distribution
Address Breakdown
Residential
24,977
Single Family
19,826
Multi-Family
5,151
Businesses
2,118
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Listed by: Sherry S Fischer • RE/MAX Legacy (BOF)
Mls Name: NCMBR
Mls ID: #162320