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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Grenada at 722 Cherokee Ln, Grenada, MS, 38901 with 5% annual appreciation on a $149,000 basis while $1,396/mo rent supports operations. Total monthly income totals $1,396/mo and a $729/mo payment preserves $484/mo for cash returns. Annual cash flow comes to $5,814/yr on $49,394 deployed, and return on cash invested reaches 31.68% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 11.24%. Five-year ROI measures 165.92% and total cumulative return in cash totals $81,952.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,396/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
| 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 |
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
Date | Event | Price |
|---|---|---|
| 2025-07-07 | Listed for sale | $149,000 |
| 2021-03-19 | Listing removed | N/A |
| 2020-11-20 | Pending sale | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-13 | $398.96 | -3.15% | $6,577 | N/A |
| 2023-07-13 | $411.92 | 0.56% | $6,577 | N/A |
| 2022-07-13 | $409.62 | -57.63% | $6,577 | -33.33% |
Listed by: Robin Lea • Gold Key Realty LLC
Mls Name: MLS United
Mls ID: #4118502
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
