5834 Sara Ann LnHorn 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
Investment property for sale in Horn Lake at 5834 Sara Ann Ln, Horn Lake, MS, 38637 uses $109,458 cash to close to unlock $4,506/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $2,396/mo, and a $1,616/mo payment keeps the spread at $376/mo. Purchase price stands at $330,190, and rental yield measures 8.71% with $2,396/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $91,225 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash records $136,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,396/mo property income covering a $1,616/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.51 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: Monica P Garcia • Crye-Leike Of MS-SH
Mls Name: MLS United
Mls ID: #4073065
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.