53 Norris CvSenatobiaMS38668
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
Investment property for sale in Senatobia at 53 Norris Cv, Senatobia, MS, 38668 uses $127,628 cash to close to unlock $9,580/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $3,154/mo, and a $1,884/mo payment keeps the spread at $798/mo. Purchase price stands at $385,000, and rental yield measures 9.83% with $3,154/mo rent. Return on cash invested shows 27.42% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 143.02% and total cumulative return in cash records $182,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,154/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1976
4.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38668, Senatobia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,734 (100%) |
| Owner Occupied HU | 3,823 (66.7%) |
| Renter Occupied HU | 1,423 (24.8%) |
| Vacant Housing Units | 488 ( 8.5%) |
| Median Home Value | $212,924 |
| Average Home Value | $225,574 |
Housing Distribution
Address Breakdown
Residential
5,333
Single Family
5,232
Multi-Family
101
Businesses
540
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Listed by: Saxton F Haltom • Bill Sexton Realty
Mls Name: MLS United
Mls ID: #4088584
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.