8995 Newell RdLake CormorantMS38641
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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
Investment property for sale in Lake Cormorant at 8995 Newell Rd, Lake Cormorant, MS, 38641 listed at $420,000 pairs $3,074/mo rent with a $2,056/mo payment to leave $504/mo cash flow. Total monthly income runs $3,074/mo, and annual cash flow reaches $6,042/yr on $139,230 cash to close. Return on cash invested measures 24.25% in year one, and rental yield registers 8.78% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 126.03% and total cumulative return in cash totals $175,471. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,074/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38641, Lake Cormorant, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 729 (79.0%) |
| Renter Occupied HU | 107 (11.6%) |
| Vacant Housing Units | 87 ( 9.4%) |
| Median Home Value | $326,591 |
| Average Home Value | $311,461 |
Housing Distribution
Address Breakdown
Residential
935
Single Family
935
Multi-Family
0
Businesses
29
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Listed by: N/A • N/A
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