7835 Mary McCoy DrHorn LakeMS38637
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
Rental property for sale in Horn Lake at 7835 Mary McCoy Dr, Horn Lake, MS, 38637 priced at $339,200 pairs $2,374/mo rent with $298/mo cash flow after a $1,660/mo payment. Total monthly income equals $2,374/mo, and annual cash flow comes to $3,582/yr on $112,445 invested. Return on cash invested is 23.09% in year one, and rental yield stands at 8.4% on a $339,200 basis. Equity gained on principal adds $2,189/yr, and 5% annual appreciation accumulates to $93,715 by year five. Five-year ROI measures 119.84% and total cumulative return in cash reaches $134,755. For financing, Ziffy Mortgage’s DSCR program evaluates $2,374/mo property income against a $1,660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38637, Horn Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,770 (100%) |
| Owner Occupied HU | 6,439 (59.8%) |
| Renter Occupied HU | 3,658 (34.0%) |
| Vacant Housing Units | 673 ( 6.2%) |
| Median Home Value | $174,352 |
| Average Home Value | $194,142 |
Housing Distribution
Address Breakdown
Residential
10,426
Single Family
8,887
Multi-Family
1,539
Businesses
561
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Listed by: Sandi Bridges-Marshall • Adams Homes, Llc
Mls Name: MLS United
Mls ID: #4095857
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.