5088 Garner LnSouthavenMS38672
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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 Southaven at 5088 Garner Ln, Southaven, MS, 38672 uses $124,313 cash to close to unlock $2,155/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $2,474/mo, and a $1,835/mo payment keeps the spread at $180/mo. Purchase price stands at $375,000, and rental yield measures 7.92% with $2,474/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 112.06% and total cumulative return in cash records $139,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38672, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,831 (100%) |
| Owner Occupied HU | 5,849 (85.6%) |
| Renter Occupied HU | 714 (10.5%) |
| Vacant Housing Units | 268 ( 3.9%) |
| Median Home Value | $327,503 |
| Average Home Value | $356,143 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
6,703
Multi-Family
16
Businesses
414
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Listed by: Chris Peaks • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4118814