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$165,000

67d

$197/mo

Estimated monthly Section 8 cashflow

2880 Briarwood Dr, Horn Lake, MS 38637

Horn Lake, MS 38637

3 bd · 2 ba · 1,436 sqft · Built 1972

Est. rent $1,850/mo · ZIP-level SAFMR

2880 Briarwood Dr, Horn Lake, MS 38637

Horn Lake, MS 38637

$197/mo

3 bd · 2 ba · 1,436 sqft · Built 1972

Est. rent $1,850/mo · ZIP-level SAFMR

Fair Market Rent

3-bedroom · this ZIP

2024—

2025$1,880

2026$1,850

Housing authority

The Housing Authority of the City of Holly Springs
700 Highway 4 E, Holly Springs, MS, 38635
MS062
Phone6012522971
Emailadmin@hollyhousing.org
Vouchers90 vouchers

Area statistics

ACS 2022

Median income

$57k

Median home value

$146k

Population

27k

Homeownership

58.8%

Avg DOM

Market rent

—

Estimated monthly cashflow

$197

Cap rate7.5%Cash-on-cash5.1%DSCR1.23

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

5-year projection

FRED-driven

Total cashflow

$22,946

Appreciation

$26,280

Total return

107%

Annualized IRR

15.6%

Yr	Rent	NOI	Cashflow	Value
1	$23,141	$13,135	$3,055	$169,950
2	$24,122	$13,866	$3,786	$175,049
3	$25,145	$14,632	$4,552	$180,300
4	$26,211	$15,435	$5,355	$185,709
5	$27,322	$16,277	$6,197	$191,280

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 $191,280. Excludes principal paydown and resale costs. Estimates only.

Location

Map of 2880 Briarwood Dr, Horn Lake, MS 38637

Open in Google Maps

Safety

FBI 2025

Safety index

7.6/ 10

Violent / 100k

222

Property / 100k

1,272

Description

Opportunity awaits with this 3-bedroom, 2 bath home, perfectly situated in a convenient and established neighborhood. Backing up to a spacious, open park area, this property offers peaceful views and added privacy without neighbors to the rear of the home as well as multiple storage sheds. This home features a gas range with a tankless water heater so you never run out of hot water! Located just minutes away from local shops and restaurants and everyday essentials, this property combines location and potential. This home is looking for its next owners to bring a vision to make it shine! Call your favorite Realtor to schedule a tour to see this home!

$197/mo

$165,000