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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Brookhaven at 647 W Chickasaw St, Brookhaven, MS, 39601 priced at $197,500 converts $1,020/mo rent into after a $967/mo obligation. Total monthly income equals $1,020/mo. Return on cash invested prints 16.45% in year one, and rental yield reads 6.2% against a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation compiles into $54,566 by year five. Five-year ROI reaches 84.26% and total cumulative return in cash sums $55,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $967/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 39601, Brookhaven, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,552 (100%) |
| Owner Occupied HU | 6,925 (65.6%) |
| Renter Occupied HU | 2,379 (22.5%) |
| Vacant Housing Units | 1,248 (11.8%) |
| Median Home Value | $154,543 |
| Average Home Value | $215,617 |
Residential
10,229
Single Family
9,796
Multi-Family
433
Businesses
920
Date | Event | Price |
|---|---|---|
| 2024-10-01 | Listed for sale | $197,500 |
| 2023-08-01 | Listing removed | N/A |
| 2023-06-28 | Price change | $199,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $848.61 | 21.36% | $5,848 | 21.40% |
| 2022-10-16 | $699.24 | N/A | $4,817 | -11.61% |
| 2020-10-16 | $699.24 | N/A | $5,450 | 1.24% |
Listed by: Sydney Wilson • Betsy Smith Properties
Mls Name: Southwest Mississippi BOR
Mls ID: #143256
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
