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$298,500
17d
-$204/mo
Estimated monthly Section 8 cashflow
3015 Luna Way, Southaven, MS 38672
Southaven, MS 38672
3 bd · 2 ba · 1,207 sqft · Built 2026
Est. rent $2,520/mo · ZIP-level SAFMR
3015 Luna Way, Southaven, MS 38672
Southaven, MS 38672
-$204/mo
3 bd · 2 ba · 1,207 sqft · Built 2026
Est. rent $2,520/mo · ZIP-level SAFMR
Fair Market Rent
3-bedroom · this ZIP
2024—
2025$2,670
2026$2,520
Housing authority
- MS062The Housing Authority of the City of Holly Springs700 Highway 4 E, Holly Springs, MS, 38635Phone6012522971Vouchers90 vouchers
Area statistics
ACS 2022Median income
$104k
Median home value
$268k
Population
16k
Homeownership
94.0%
Avg DOM
17
Market rent
—
Estimated monthly cashflow
-$204
Cap rate5.3%Cash-on-cash-2.9%DSCR0.87
Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.
5-year projection
FRED-drivenTotal cashflow
$2,524
Appreciation
$47,543
Total return
60%
Annualized IRR
9.8%
| Yr | Rent | NOI | Cashflow | Value |
|---|---|---|---|---|
| 1 | $31,522 | $16,711 | -$1,524 | $307,455 |
| 2 | $32,858 | $17,677 | -$558 | $316,679 |
| 3 | $34,251 | $18,691 | $455 | $326,179 |
| 4 | $35,703 | $19,754 | $1,518 | $335,964 |
| 5 | $37,217 | $20,869 | $2,633 | $346,043 |
Rent growth 4.2% · Trailing 36-month CAGR of CPI rent of primary residence (capped to 1.5–7.0%).
Appreciation 3.0% · Fallback — HPI series not yet ingested.
Mortgage rate 6.51% · Latest Freddie Mac PMMS 30-year fixed (FRED MORTGAGE30US).
Year 5 value $346,043. Excludes principal paydown and resale costs. Estimates only.
Location
Safety
FBI 2025Safety index
7.6/ 10
Violent / 100k
222
Property / 100k
1,272
Description
-$204/mo
$298,500