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$169,900

35d

$374/mo

Estimated monthly Section 8 cashflow

2920 Devon Cir, Horn Lake, MS 38637

Horn Lake, MS 38637

4 bd · 2 ba · 1,176 sqft · Built 2000

Est. rent $2,150/mo · ZIP-level SAFMR

2920 Devon Cir, Horn Lake, MS 38637

Horn Lake, MS 38637

$374/mo

4 bd · 2 ba · 1,176 sqft · Built 2000

Est. rent $2,150/mo · ZIP-level SAFMR

Fair Market Rent

4-bedroom · this ZIP

2024—

2025$2,200

2026$2,150

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

$374

Cap rate8.8%Cash-on-cash9.4%DSCR1.43

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

5-year projection

FRED-driven

Total cashflow

$35,541

Appreciation

$27,061

Total return

132%

Annualized IRR

18.3%

Yr	Rent	NOI	Cashflow	Value
1	$26,894	$15,683	$5,304	$174,997
2	$28,034	$16,543	$6,164	$180,247
3	$29,222	$17,444	$7,065	$185,654
4	$30,461	$18,389	$8,009	$191,224
5	$31,753	$19,378	$8,999	$196,961

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 $196,961. Excludes principal paydown and resale costs. Estimates only.

Location

Map of 2920 Devon Cir, Horn Lake, MS 38637

Open in Google Maps

Safety

FBI 2025

Safety index

7.6/ 10

Violent / 100k

222

Property / 100k

1,272

Description

Spacious single-story home featuring 4 bedrooms, 1.5 bath with a functional and inviting layout. The main living areas offer comfortable space for both everyday living and entertaining, while the kitchen provides ample cabinet and counter space and flows into the dining and living areas. The primary bedroom includes an en-suite bathroom and generous closet space. Additional bedrooms offer flexibility for guests, office, or hobbies. Enjoy the backyard with space to relax or entertain. Great opportunity with plenty of potential! One or more photo(s) was virtually staged.

$374/mo

$169,900