690 Gillon RdGrenadaMS38901
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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 Grenada at 690 Gillon Rd, Grenada, MS, 38901 generates $2,790/mo in rent, after a $2,933/mo payment. Total monthly income is $2,790/mo. Return on cash invested sits at 13.28% in year one, and rental yield is 5.59% on a $599,300 entry. Equity gained on principal adds $3,867/yr, while 5% annual appreciation builds toward $165,576 over five years. Five-year ROI reaches 67.69% and total cumulative return in cash sums $133,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,790/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
13.50 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: N/A • N/A
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