In Grenada, MS, landlords collectively own 2,178 SFR properties, representing a substantial 29.7% of the market's total 7,342 SFR properties, highlighting the significant presence of investor activity in the area.
Individual landlords form the backbone of this market, controlling a dominant 83.9% of investor-owned properties (1,828 properties), vastly outnumbering company entities which hold 19.2% (418 properties), demonstrating that smaller-scale investors are the primary owners in this geography.
The investor portfolio is overwhelmingly rental-focused, with 2,138 properties (98.2% of landlord holdings) currently rented out, underscoring the market's strong orientation towards generating rental income rather than owner-occupancy.
Cash acquisitions are the predominant method for landlords in Grenada, MS, with 2,097 properties (96.3% of the portfolio) purchased outright, indicating a preference for debt-free investments or a market where financing is less common for investors.
Financed properties account for a minimal portion of landlord holdings, with only 81 properties (3.7%) being financed, which further emphasizes the strong cash-based investment strategy prevalent among landlords in this region.
Individual landlords significantly outnumber their company counterparts by a ratio of 7.0:1, with 1,785 individual landlords compared to 255 companies, indicating that the Grenada, MS investor market is largely driven by numerous small-scale, individual operators.
The high percentage of rented properties (98.2%) closely aligns with the equally high percentage of cash-acquired properties (96.3%), suggesting a clear trend where landlords in Grenada, MS primarily purchase properties with cash specifically for rental income generation.