903 Desoto DrTupeloMS38801
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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 Tupelo at 903 Desoto Dr, Tupelo, MS, 38801 priced at $309,000 converts $1,601/mo rent into after a $1,512/mo obligation. Total monthly income equals $1,601/mo. Return on cash invested prints 16.52% in year one, and rental yield reads 6.22% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 84.58% and total cumulative return in cash sums $86,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,601/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38801, Tupelo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 7,976 (60.3%) |
| Renter Occupied HU | 4,162 (31.5%) |
| Vacant Housing Units | 1,093 ( 8.3%) |
| Median Home Value | $203,288 |
| Average Home Value | $247,283 |
Housing Distribution
Address Breakdown
Residential
12,437
Single Family
10,824
Multi-Family
1,613
Businesses
1,316
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Listed by: Monte Smith • TM REALTORS
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-739
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.