592 S Deerfield DrCantonMS39046
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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 Canton at 592 S Deerfield Dr, Canton, MS, 39046 priced at $309,900 converts $2,218/mo rent into $284/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,218/mo, and annual cash flow totals $3,406/yr on $102,732 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 8.59% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 120.69% and total cumulative return in cash sums $123,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,218/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1984
10,018 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: Stephanie P Nix • RE/MAX Connection
Mls Name: MLS United
Mls ID: #4120772
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.