7640 Iris DrSouthavenMS38671
Nearby investment properties with comparable rents
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
Investment property for sale in Southaven at 7640 Iris Dr, Southaven, MS, 38671 earns $598/mo cash flow from $1,877/mo rent with a $1,023/mo payment. Total monthly income totals $1,877/mo, and annual cash flow totals $7,176/yr on $69,284 capital. ROI tracks 30.27% on current figures, and rental yield reads 10.78% at a $209,000 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 over five years. Five-year ROI reaches 158.29% and total cumulative return in cash sums $109,670. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,877/mo property income instead of your personal income.
Single Family
Built in 1994
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38671, Southaven, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,099 (100%) |
| Owner Occupied HU | 9,245 (57.4%) |
| Renter Occupied HU | 5,393 (33.5%) |
| Vacant Housing Units | 1,461 ( 9.1%) |
| Median Home Value | $194,957 |
| Average Home Value | $229,616 |
Housing Distribution
Address Breakdown
Residential
15,934
Single Family
12,375
Multi-Family
3,559
Businesses
1,693
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kizzy L Neder • Lawrence Johnson Realtors
Mls Name: MLS United
Mls ID: #4134808