964 Norwood PassGreenvilleMS38701
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 Greenville at 964 Norwood Pass, Greenville, MS, 38701 offers $903/mo rent that, after a $563/mo payment, leaves $85/mo cash flow. Total monthly income is $903/mo, and annual cash flow is $1,023/yr on $38,123 cash. Return on cash invested measures 22.59% in year one, and rental yield stands at 9.42% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 118.54% and total cumulative return in cash reaches $45,189. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $903/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38701, Greenville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,118 (100%) |
| Owner Occupied HU | 5,025 (49.7%) |
| Renter Occupied HU | 3,593 (35.5%) |
| Vacant Housing Units | 1,500 (14.8%) |
| Median Home Value | $124,149 |
| Average Home Value | $181,273 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,148
Multi-Family
1,048
Businesses
961
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Listed by: Chevy Davis • RIVERSIDE REALTY, LLC
Mls Name: Greenville Area BOR
Mls ID: #89830
Disclaimer: Copyright Greenville Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.