605 Salem AveHolly SpringsMS38635
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 Holly Springs at 605 Salem Ave, Holly Springs, MS, 38635 at $189,000 posts ROI 23.35% with $179/mo cash flow from $1,336/mo rent. Total monthly income equals $1,336/mo, and annual cash flow records $2,154/yr on $62,654 to close. Return on cash invested measures 23.35% and rental yield reads 8.48% at the current $189,000. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 by year five. Five-year ROI prints 121.22% and total cumulative return in cash totals $75,946.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,336/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38635, Holly Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,181 (100%) |
| Owner Occupied HU | 3,704 (59.9%) |
| Renter Occupied HU | 1,301 (21.0%) |
| Vacant Housing Units | 1,176 (19.0%) |
| Median Home Value | $192,125 |
| Average Home Value | $239,081 |
Housing Distribution
Address Breakdown
Residential
6,057
Single Family
5,801
Multi-Family
256
Businesses
509
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Nearby investment properties with comparable prices
Listed by: Courtney C McClatchy • Burch Realty Group
Mls Name: MLS United
Mls ID: #4088382
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.