816 Chulahoma RdHolly SpringsMS38635
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 Holly Springs at 816 Chulahoma Rd, Holly Springs, MS, 38635 priced at $234,900 converts $1,685/mo rent into $247/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,685/mo, and annual cash flow totals $2,967/yr on $77,869 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 8.61% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 123.23% and total cumulative return in cash sums $95,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,685/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1987
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38635, Holly Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,181 (100%) |
| Owner Occupied HU | 3,704 (59.9%) |
| Renter Occupied HU | 1,301 (21.0%) |
| Vacant Housing Units | 1,176 (19.0%) |
| Median Home Value | $192,125 |
| Average Home Value | $239,081 |
Housing Distribution
Address Breakdown
Residential
6,057
Single Family
5,801
Multi-Family
256
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alanna Bledsoe • Bledsoe Realty
Mls Name: MLS United
Mls ID: #4096517
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.