5318 Alpine 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 5318 Alpine Dr, Horn Lake, MS, 38637 uses $99,450 cash to close to unlock $5,922/yr annual cash flow and $494/mo monthly cash flow. Total monthly income runs $2,329/mo, and a $1,468/mo payment keeps the spread at $494/mo. Purchase price stands at $300,000, and rental yield measures 9.32% with $2,329/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 134.71% and total cumulative return in cash records $133,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,329/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2023
9,583 sqft 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: Jessamen T Dunker • Century 21 Patterson & Associates Real Estate Co
Mls Name: MLS United
Mls ID: #4131642