5385 Ridgetop 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
Rental property for sale in Horn Lake at 5385 Ridgetop Dr, Horn Lake, MS, 38637 generates $1,794/mo in rent and, after a $1,165/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $4,049/yr on $78,897 invested. Return on cash invested sits at 25.04% in year one, and rental yield is 9.05% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 130.31% and total cumulative return in cash sums $102,814. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
1.02 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: Desiree I Johnson • Turn Key Realty Group LLC
Mls Name: MLS United
Mls ID: #4097167
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.