7101 Old Highway 301, Lake Cormorant, MS, 38641 | 6.88% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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7101 Old Highway 301, Lake Cormorant, MS, 38641 | 6.88% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Cormorant at 7101 Old Highway 301, Lake Cormorant, MS, 38641 earns from $2,437/mo rent with a $2,080/mo payment. Total monthly income totals $2,437/mo. ROI tracks 18.52% on current figures, and rental yield reads 6.88% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 95.3% and total cumulative return in cash sums $134,261. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,437/mo property income instead of your personal income.

Single Family

Built in 2019

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

ASSUMABLE, QUALIFYING 2.5% MORTGAGE with a 2nd Mortgage or $175,000.00 Down Payment! Beautiful One Level Home with 4 Bedrooms, an Office, 2.5 Bathrooms & 1.2 Acres Totally Fenced with an Electric Gate! Open Floor Plan with Split Bedrooms. As You Enter the Foyer through the Double Doors the Office is on the Right then You Enter the Large Open Great Room with Dining Area & Kitchen with a Large Island with a Bar & Lots of Cabinets. Granite Countertops, Stainless Appliances & Beautiful Cabinets & a Large Pantry! 11 ft. Ceilings in the Living Areas. There are 4 Hardwired Speakers for Surround Sound in the Great Room & Kitchen & The New Owner will just need an Amplifier. Beautiful Wood Floors in All the Living Areas & the Primary Suite. The Primary Suite has 10 ft. Ceilings & a Tray Ceiling. The Primary Bathroom Has Large, Separate Vanities, Separate Tub & the Walk In Shower is Made of Marble. Ceramic Tile in the Bathrooms & Laundry Room. Huge Laundry Room with Tons of Cabinets, Counter Space & Space for Hang Up Clothes. There's a Nook in the Garage for Storage & the Hot Water Heater is in the Garage! Covered Back Patio & Gazebo with Lots of Privacy with an 8 Foot Fence. The Whole 1.2 Acres are Fenced for Your Family & Fur Babies to Enjoy! Plus there's an Electric Gate.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	923 (100%)
Owner Occupied HU	729 (79.0%)
Renter Occupied HU	107 (11.6%)
Vacant Housing Units	87 ( 9.4%)
Median Home Value	$326,591
Average Home Value	$311,461