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$195,000
68d
$8/mo
Estimated monthly Section 8 cashflow
6633 Alice Dr, Horn Lake, MS 38637
Horn Lake, MS 38637
3 bd · 1 ba · 1,034 sqft · Built 1964
Est. rent $1,850/mo · ZIP-level SAFMR
6633 Alice Dr, Horn Lake, MS 38637
Horn Lake, MS 38637
$8/mo
3 bd · 1 ba · 1,034 sqft · Built 1964
Est. rent $1,850/mo · ZIP-level SAFMR
Fair Market Rent
3-bedroom · this ZIP
2024—
2025$1,880
2026$1,850
Housing authority
- MS062The Housing Authority of the City of Holly Springs700 Highway 4 E, Holly Springs, MS, 38635Phone6012522971Vouchers90 vouchers
Area statistics
ACS 2022Median income
$57k
Median home value
$146k
Population
27k
Homeownership
58.8%
Avg DOM
68
Market rent
—
Estimated monthly cashflow
$8
Cap rate6.2%Cash-on-cash0.2%DSCR1.01
Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.
5-year projection
FRED-drivenTotal cashflow
$11,438
Appreciation
$31,058
Total return
78%
Annualized IRR
12.2%
| Yr | Rent | NOI | Cashflow | Value |
|---|---|---|---|---|
| 1 | $23,141 | $12,689 | $776 | $200,850 |
| 2 | $24,122 | $13,409 | $1,496 | $206,876 |
| 3 | $25,145 | $14,164 | $2,251 | $213,082 |
| 4 | $26,211 | $14,955 | $3,042 | $219,474 |
| 5 | $27,322 | $15,785 | $3,872 | $226,058 |
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 $226,058. Excludes principal paydown and resale costs. Estimates only.
Location
Safety
FBI 2025Safety index
7.6/ 10
Violent / 100k
222
Property / 100k
1,272
Description
$8/mo
$195,000