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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 Lake Cormorant at 7701 Michael Dr, Lake Cormorant, MS, 38641 earns from $2,771/mo rent with a $2,932/mo payment. Total monthly income totals $2,771/mo. ROI tracks 14.61% on current figures, and rental yield reads 5.55% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 74.32% and total cumulative return in cash sums $146,470. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,771/mo property income instead of your personal income.
Single Family
Built in 2005
15 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $1921.28 | -0.04% | $20,961 | -0.03% |
| 2023-04-16 | $1922.14 | 2.46% | $20,967 | 0.66% |
| 2022-04-16 | $1875.93 | 1.31% | $20,830 | -0.08% |
Listed by: David S Hailey • Turn Key Realty Group LLC
Mls Name: MLS United
Mls ID: #4109557
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
