7962 Allen Glen LnOlive BranchMS38654
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 Olive Branch at 7962 Allen Glen Ln, Olive Branch, MS, 38654 priced at $294,900 converts $2,332/mo rent into $477/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,332/mo, and annual cash flow totals $5,720/yr on $97,759 invested. Return on cash invested prints 25.76% in year one, and rental yield reads 9.49% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 134.37% and total cumulative return in cash sums $131,359. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,332/mo property income covering a $1,443/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38654, Olive Branch, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,231 (100%) |
| Owner Occupied HU | 18,447 (79.4%) |
| Renter Occupied HU | 3,453 (14.9%) |
| Vacant Housing Units | 1,331 ( 5.7%) |
| Median Home Value | $331,212 |
| Average Home Value | $356,744 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
21,024
Multi-Family
1,633
Businesses
1,775
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly A Olivent • Adams Homes, Llc
Mls Name: MLS United
Mls ID: #4072012
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.