681 W Monroe StGrenadaMS38901
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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
Investment property for sale in Grenada at 681 W Monroe St, Grenada, MS, 38901 uses $34,808 cash to close to unlock $1,984/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $808/mo, and a $514/mo payment keeps the spread at $165/mo. Purchase price stands at $105,000, and rental yield measures 9.23% with $808/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 133.42% and total cumulative return in cash records $46,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $808/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 4,779 (57.0%) |
| Renter Occupied HU | 2,606 (31.1%) |
| Vacant Housing Units | 1,004 (12.0%) |
| Median Home Value | $144,519 |
| Average Home Value | $191,613 |
Housing Distribution
Address Breakdown
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
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Listed by: Michael Anderson • CRYE-LEIKE PROPERTIES UNLIMITED
Mls Name: Greater Golden Triangle Realtors
Mls ID: #24-485
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.