6430 Ridgewood RdHorn LakeMS38637
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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 Horn Lake at 6430 Ridgewood Rd, Horn Lake, MS, 38637 listed at $154,900 pairs $1,221/mo rent with a $758/mo payment to leave $249/mo cash flow. Total monthly income runs $1,221/mo, and annual cash flow reaches $2,991/yr on $51,349 cash to close. Return on cash invested measures 25.73% in year one, and rental yield registers 9.46% at a $154,900 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,796 by year five. Five-year ROI tracks 134.27% and total cumulative return in cash totals $68,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,221/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
10,454 sqft 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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Nearby investment properties with comparable prices
Listed by: Donya S Chunn • Coldwell Banker Collins-Maury Southaven
Mls Name: MLS United
Mls ID: #4093728
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.