8307 Grayce 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
Rental property for sale in Southaven at 8307 Grayce Dr, Southaven, MS, 38671 priced at $245,000 converts $2,171/mo rent into $672/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,171/mo, and annual cash flow totals $8,063/yr on $81,218 invested. Return on cash invested prints 29.84% in year one, and rental yield reads 10.63% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 155.98% and total cumulative return in cash sums $126,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,171/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 2009
7,405 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
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Listed by: Lindsay D Jenkins • Real Estate Agency LLC
Mls Name: MLS United
Mls ID: #4102037
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.