6193 Nesbit RdLake CormorantMS38641
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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 Lake Cormorant at 6193 Nesbit Rd, Lake Cormorant, MS, 38641 offers a 5.55% rental yield on a $419,500 purchase with $1,939/mo rent. 49% in year one. Equity gained on principal adds $2,707/yr while 5% annual appreciation supports $115,900 over five years. Portfolio math shows five-year ROI at 73.72% and total cumulative return in cash at $102,522. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,939/mo property income against a $2,053/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Housing Distribution
Address Breakdown
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Taylor D Phillips • Burch Realty Group Hernando
Mls Name: MLS United
Mls ID: #4121206
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.