763 S Springlake CirTerryMS39170
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Nearby investment properties with comparable prices
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 Terry at 763 S Springlake Cir, Terry, MS, 39170 generates $1,513/mo in rent, after a $1,224/mo payment. Total monthly income is $1,513/mo. Return on cash invested sits at 19.6% in year one, and rental yield is 7.26% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 101.12% and total cumulative return in cash sums $83,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,513/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
3.52 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39170, Terry, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,973 (100%) |
| Owner Occupied HU | 3,347 (84.2%) |
| Renter Occupied HU | 329 ( 8.3%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $287,010 |
| Average Home Value | $295,793 |
Housing Distribution
Address Breakdown
Residential
3,888
Single Family
3,864
Multi-Family
24
Businesses
180
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Listed by: Elizabeth Wroten • RE/MAX Connection
Mls Name: MLS United
Mls ID: #4117604
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.