865 Fairfield AveGrenadaMS38901
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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 Grenada at 865 Fairfield Ave, Grenada, MS, 38901 generates $1,176/mo in rent and, after a $636/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,176/mo, and annual cash flow is $4,570/yr on $43,062 invested. Return on cash invested sits at 30.52% in year one, and rental yield is 10.86% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 159.67% and total cumulative return in cash sums $68,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38901, Grenada, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 4,779 (57.0%) |
| Renter Occupied HU | 2,606 (31.1%) |
| Vacant Housing Units | 1,004 (12.0%) |
| Median Home Value | $144,519 |
| Average Home Value | $191,613 |
Housing Distribution
Address Breakdown
Residential
8,040
Single Family
7,452
Multi-Family
588
Businesses
808
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Listed by: Kadero Edley • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4100485
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.