715 Sumner AveGreenwoodMS38930
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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 Greenwood at 715 Sumner Ave, Greenwood, MS, 38930 generates $2,540/mo in rent and, after a $1,405/mo payment, leaves $635/mo in cash flow. Total monthly income is $2,540/mo, and annual cash flow is $7,616/yr on $95,141 invested. Return on cash invested sits at 27.91% in year one, and rental yield is 10.62% on a $287,000 entry. Equity gained on principal adds $1,852/yr, while 5% annual appreciation builds toward $79,293 over five years. Five-year ROI reaches 146.37% and total cumulative return in cash sums $139,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,540/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38930, Greenwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 5,250 (50.4%) |
| Renter Occupied HU | 3,877 (37.2%) |
| Vacant Housing Units | 1,284 (12.3%) |
| Median Home Value | $105,816 |
| Average Home Value | $170,594 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
8,740
Multi-Family
877
Businesses
1,138
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Listed by: Melanie Harris • Harris Realty
Mls Name: My State MLS
Mls ID: #11552215