5713 Cherokee DrHorn LakeMS38637
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 Horn Lake at 5713 Cherokee Dr, Horn Lake, MS, 38637 priced at $204,900 converts $1,566/mo rent into $312/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,566/mo, and annual cash flow totals $3,744/yr on $67,924 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 9.17% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 132.3% and total cumulative return in cash sums $89,866. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,566/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.29 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: Kurt D Olivent • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4107362
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.