92 Spirit Dance DrByhaliaMS38611
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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 Byhalia at 92 Spirit Dance Dr, Byhalia, MS, 38611 offers a 8.66% rental yield on a $334,990 purchase with $2,417/mo rent. Total monthly income registers $2,417/mo, and a $1,640/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,400/yr on $111,049 to close, and return on cash invested stands at 23.87% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,552 over five years. Portfolio math shows five-year ROI at 124.01% and total cumulative return in cash at $137,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,417/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38611, Byhalia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,824 (100%) |
| Owner Occupied HU | 5,592 (71.5%) |
| Renter Occupied HU | 1,104 (14.1%) |
| Vacant Housing Units | 1,128 (14.4%) |
| Median Home Value | $237,625 |
| Average Home Value | $262,857 |
Housing Distribution
Address Breakdown
Residential
7,121
Single Family
7,032
Multi-Family
89
Businesses
350
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Listed by: LeLinda Cox • D R Horton Inc (Memphis)
Mls Name: MLS United
Mls ID: #4083193
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.