5685 Carrollton RdGrenadaMS38901
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
Rental property for sale in Grenada at 5685 Carrollton Rd, Grenada, MS, 38901 generates $1,303/mo in rent and, after a $842/mo payment, leaves $250/mo in cash flow. Total monthly income is $1,303/mo, and annual cash flow is $3,004/yr on $57,018 invested. Return on cash invested sits at 25.18% in year one, and rental yield is 9.09% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash sums $74,737. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,303/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 4,779 (57.0%) |
| Renter Occupied HU | 2,606 (31.1%) |
| Vacant Housing Units | 1,004 (12.0%) |
| Median Home Value | $144,519 |
| Average Home Value | $191,613 |
Housing Distribution
Address Breakdown
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Perrin Jackson • Landmark Realty
Mls Name: My State MLS
Mls ID: #11604398