601 Cherry Tree LnColdwaterMS38618
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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 Coldwater at 601 Cherry Tree Ln, Coldwater, MS, 38618 priced at $115,000 converts $1,546/mo rent into $842/mo cash flow after a $563/mo obligation. Total monthly income equals $1,546/mo, and annual cash flow totals $10,105/yr on $38,123 invested. Return on cash invested prints 46.42% in year one, and rental yield reads 16.13% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 245.01% and total cumulative return in cash sums $93,405. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,546/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2003
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38618, Coldwater, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,095 (100%) |
| Owner Occupied HU | 3,730 (73.2%) |
| Renter Occupied HU | 781 (15.3%) |
| Vacant Housing Units | 584 (11.5%) |
| Median Home Value | $221,245 |
| Average Home Value | $229,432 |
Housing Distribution
Address Breakdown
Residential
4,953
Single Family
4,929
Multi-Family
24
Businesses
185
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Listed by: Nick C Busby • Signature Realty LLC
Mls Name: MLS United
Mls ID: #4131083