Chapel Hill RdGrenadaMS38901
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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 Chapel Hill Rd, Grenada, MS, 38901 priced at $476,490 converts $780/mo rent into after a $2,332/mo obligation. Total monthly income equals $780/mo. Return on cash invested prints 3.68% in year one, and rental yield reads 1.96% against a $476,490 entry. Equity gained on principal adds $3,075/yr, while 5% annual appreciation compiles into $131,645 by year five. Five-year ROI reaches 15.76% and total cumulative return in cash sums $24,895. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $780/mo property income covering a $2,332/mo payment, not borrower’s personal income.
Single Family
Built in N/A
158.83 Acres 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: Beth McLellan • America's Land Partners
Mls Name: REALSTACK
Mls ID: #93798