Skip to content
1 / 25
$204,900
21d
-$57/mo
Estimated monthly Section 8 cashflow

2940 Brook Cv, Horn Lake, MS 38637

Horn Lake, MS 38637
3 bd · 2 ba · 1,617 sqft · Built 1991
Est. rent $1,850/mo · ZIP-level SAFMR

2940 Brook Cv, Horn Lake, MS 38637

Horn Lake, MS 38637
-$57/mo
3 bd · 2 ba · 1,617 sqft · Built 1991
Est. rent $1,850/mo · ZIP-level SAFMR

Fair Market Rent

3-bedroom · this ZIP

2024
2025$1,880
2026$1,850

Housing authority

Area statistics

ACS 2022
Median income
$57k
Median home value
$146k
Population
27k
Homeownership
58.8%
Avg DOM
21
Market rent
Estimated monthly cashflow
-$57
Cap rate5.8%Cash-on-cash-1.2%DSCR0.95

Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.

5-year projection

FRED-driven
Total cashflow
$7,504
Appreciation
$32,635
Total return
70%
Annualized IRR
11.2%
YrRentNOICashflowValue
1$23,141$12,516-$2$211,047
2$24,122$13,231$714$217,378
3$25,145$13,982$1,464$223,900
4$26,211$14,769$2,251$230,617
5$27,322$15,594$3,076$237,535
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 $237,535. Excludes principal paydown and resale costs. Estimates only.

Safety

FBI 2025
Safety index
7.6/ 10
Violent / 100k
222
Property / 100k
1,272

Description

Tucked away in a quiet cove, this charming 3 bedroom, 1.5 bathroom home offers comfort, space, and move-in-ready convenience. Step inside to find a beautifully updated, open concept with newer flooring and freshly painted trim. The updated kitchen is both spacious and perfect for entertaining. The new hot water heater, freshly painted exterior trim, and 6 year old roof are just a few of the many things that make this a move-in ready, easy maintenance home! Enjoy relaxing year-round in the bright sunroom, overlooking a huge backyard with plenty of room for outdoor activities, gardening, or future additions. Bedrooms boast generously sized closets, providing ample storage space...plus the TV stays! With it's desirable location, thoughtful updates, and inviting layout, this home is ready for it's next owner to move right in and make it their own! Lenders offering down payment assistance are available upon request.

-$57/mo
$204,900