760 Hickory DrGrenadaMS38901
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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 760 Hickory Dr, Grenada, MS, 38901 offers a 10.9% rental yield on a $319,000 purchase with $2,897/mo rent. Total monthly income registers $2,897/mo, and a $1,561/mo payment leaves $945/mo available for distribution. Annual cash flow reaches $11,343/yr on $105,749 to close, and return on cash invested stands at 30.64% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 160.29% and total cumulative return in cash at $169,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,897/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.38 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: Jonathan L Bunch • Best Real Estate Company, Llc
Mls Name: MLS United
Mls ID: #4106855
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.