602 Anderson StTupeloMS38801
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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 Tupelo at 602 Anderson St, Tupelo, MS, 38801 generates $1,693/mo in rent and, after a $699/mo payment, leaves $764/mo in cash flow. Total monthly income is $1,693/mo, and annual cash flow is $9,171/yr on $47,338 invested. Return on cash invested sits at 39.28% in year one, and rental yield is 14.23% on a $142,800 entry. Equity gained on principal adds $921/yr, while 5% annual appreciation builds toward $39,453 over five years. Five-year ROI reaches 207.24% and total cumulative return in cash sums $98,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,693/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38801, Tupelo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 7,976 (60.3%) |
| Renter Occupied HU | 4,162 (31.5%) |
| Vacant Housing Units | 1,093 ( 8.3%) |
| Median Home Value | $203,288 |
| Average Home Value | $247,283 |
Housing Distribution
Address Breakdown
Residential
12,437
Single Family
10,824
Multi-Family
1,613
Businesses
1,316
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Listed by: N/A • N/A
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Mls ID: #N/A