6628 Sundance DrOlive BranchMS38654
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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 Olive Branch at 6628 Sundance Dr, Olive Branch, MS, 38654 priced at $774,000 converts $2,183/mo rent into after a $3,788/mo obligation. Total monthly income equals $2,183/mo. Return on cash invested prints 7.67% in year one, and rental yield reads 3.38% against a $774,000 entry. Equity gained on principal adds $4,995/yr, while 5% annual appreciation compiles into $213,842 by year five. Five-year ROI reaches 37.21% and total cumulative return in cash sums $94,745. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,183/mo property income covering a $3,788/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38654, Olive Branch, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,231 (100%) |
| Owner Occupied HU | 18,447 (79.4%) |
| Renter Occupied HU | 3,453 (14.9%) |
| Vacant Housing Units | 1,331 ( 5.7%) |
| Median Home Value | $331,212 |
| Average Home Value | $356,744 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
21,024
Multi-Family
1,633
Businesses
1,775
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Listed by: Jonathan T Webb • Real Broker, LLC.
Mls Name: MLS United
Mls ID: #4101966
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.