66 Lafayette StWater ValleyMS38965
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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 Water Valley at 66 Lafayette St, Water Valley, MS, 38965 at $310,000 posts ROI 20.04% with $11/mo cash flow from $1,908/mo rent. Total monthly income equals $1,908/mo, and annual cash flow records $135/yr on $102,765 to close. Return on cash invested measures 20.04% and rental yield reads 7.39% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 103.48% and total cumulative return in cash totals $106,339.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,908/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38965, Water Valley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,458 (100%) |
| Owner Occupied HU | 2,892 (64.9%) |
| Renter Occupied HU | 889 (19.9%) |
| Vacant Housing Units | 677 (15.2%) |
| Median Home Value | $150,475 |
| Average Home Value | $174,296 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,957
Multi-Family
62
Businesses
307
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Nearby investment properties with comparable prices
Listed by: Erika Hewlett • Nix-Tann Oxford
Mls Name: NCMBR
Mls Provider:
Mls ID: #160472
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.