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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lake Cormorant at 5543 Austin Rd, Lake Cormorant, MS, 38641 generates $4,334/mo in rent, after a $4,381/mo payment. Total monthly income is $4,334/mo. Return on cash invested sits at 15.4% in year one, and rental yield is 5.81% on a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 78.54% and total cumulative return in cash sums $231,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,334/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
7.19 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Listed for sale | $895,000 |
| 2023-03-01 | Listing removed | N/A |
| 2023-01-23 | Price change | $825,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-05 | $4052.93 | N/A | $47,636 | N/A |
| 2023-05-05 | $4052.93 | N/A | $47,636 | N/A |
| 2022-05-05 | $4052.93 | N/A | $47,636 | N/A |
Listed by: Leigh Ann Carkeet • Marx-Bensdorf, Realtors
Mls Name: MLS United
Mls ID: #4111464
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
