6215 Carroll Cv EHorn LakeMS38637
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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 Horn Lake at 6215 Carroll Cv E, Horn Lake, MS, 38637 generates $1,110/mo in rent and, after a $710/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,110/mo, and annual cash flow is $2,668/yr on $48,068 invested. Return on cash invested sits at 25.46% in year one, and rental yield is 9.19% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 132.61% and total cumulative return in cash sums $63,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,110/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38637, Horn Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,770 (100%) |
| Owner Occupied HU | 6,439 (59.8%) |
| Renter Occupied HU | 3,658 (34.0%) |
| Vacant Housing Units | 673 ( 6.2%) |
| Median Home Value | $174,352 |
| Average Home Value | $194,142 |
Housing Distribution
Address Breakdown
Residential
10,426
Single Family
8,887
Multi-Family
1,539
Businesses
561
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Listed by: Rickey Boyd • Coldwell Banker Collins-Maury Southaven
Mls Name: MLS United
Mls ID: #4118504
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.