Real Estate Investment Properties for Sale in Water Valley, MS

Looking for investment property in Water Valley, MS with high ROI ?

Explore a variety of short-term homes & houses in Water Valley, MS. Invest wisely with VRBO & Water Valley, MS Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Water Valley, MS

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2640 Hwy 315 Water Valley, MS Situated on 1.5 beautiful acres this home has so much potential! Barn and workshop. Great ...	3 beds \| 2 baths \| 1,400 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.03% Airbnb Rental Income: $null Traditional Rental Income: $1680 Airbnb ROI: N/A Traditional ROI: 10.03%
26 CR 272 Water Valley, MS Just Reduced! North of Bruce, MS and Oxford! Freshly painted inside! Looking for a Beautif...	4 beds \| 3 baths \| 3,130 sq.ft.	$399,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 6.87% Airbnb Rental Income: $1045 Traditional Rental Income: $3337 Airbnb ROI: -0.23% Traditional ROI: 6.87%
206 Calhoun St Water Valley, MS Located just over one block from historic downtown Water Valley . This simple cottage is w...	2 beds \| N/A baths \| 1,334 sq.ft.	$218,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.92% Airbnb Rental Income: $867 Traditional Rental Income: $1687 Airbnb ROI: 0.33% Traditional ROI: 5.92%
410 Calhoun St Water Valley, MS Remodeled 2/3 bedroom 1 bath. Huge living area and kitchen. This property would be great...	3 beds \| 1 baths \| 5,286 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $1647 Airbnb ROI: N/A Traditional ROI: 6.59%
108 Blount St Water Valley, MS If you've been searching for a home with soul, you'll want to see 108 Blount Street. From ...	3 beds \| 2 baths \| 2,015 sq.ft.	$237,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $1971 Airbnb ROI: N/A Traditional ROI: 6.56%
707 Blackmur Dr Water Valley, MS Unbelievable Estate Home less than 5 blocks from Downtown Water Valley! Ideally situated o...	4 beds \| 3 baths \| 2,892 sq.ft.	$380,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 7.62% Airbnb Rental Income: $1045 Traditional Rental Income: $3273 Airbnb ROI: 0.35% Traditional ROI: 7.62%
105 Pate St Water Valley, MS Beautiful historic 1910 home located just two blocks from downtown Water Valley. Enjoy a p...	3 beds \| 3 baths \| 2,541 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.54% Airbnb Rental Income: $null Traditional Rental Income: $3068 Airbnb ROI: N/A Traditional ROI: 7.54%
304 Dupuy Water Valley, MS Don't miss this turnkey, fully renovated home in Water Valley where no detail has been ove...	4 beds \| 2 baths \| 3,331 sq.ft.	$399,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 4.9% Airbnb Rental Income: $1045 Traditional Rental Income: $2607 Airbnb ROI: -0.23% Traditional ROI: 4.9%
664 County Road 224 Water Valley, MS Well-maintained brick home situated on 1.383 acre, offering both space and functionality. ...	3 beds \| 2 baths \| 2,117 sq.ft.	$279,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $1670 Airbnb ROI: N/A Traditional ROI: 4.78%
944 Bowles St Water Valley, MS NEW CONSTRUCTION! Located just minutes from Downtown Water Valley! Walking distance to Ci...	3 beds \| 2 baths \| 1,533 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $2090 Airbnb ROI: N/A Traditional ROI: 4.63%
11688 Hwy 7 Water Valley, MS Beautiful Farm House style home with 3 acres located just 19 miles south of Oxford! Home i...	4 beds \| 3 baths \| 3,100 sq.ft.	$711,550	Airbnb cash on cash: -0.46% Traditional cash on cash: 1.56% Airbnb Rental Income: $1045 Traditional Rental Income: $2023 Airbnb ROI: -0.46% Traditional ROI: 1.56%
503 Calhoun St Water Valley, MS Be the first to buy one of these beautiful newly built homes in the heart of the upcoming ...	3 beds \| 2 baths \| 1,200 sq.ft.	$192,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.4% Airbnb Rental Income: $null Traditional Rental Income: $1773 Airbnb ROI: N/A Traditional ROI: 7.4%
948 Bowles St Water Valley, MS Stunning new construction just minutes from Downtown Water Valley! Enjoy close proximity t...	3 beds \| 2 baths \| 1,307 sq.ft.	$289,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $1935 Airbnb ROI: N/A Traditional ROI: 4.95%
719 Market St Water Valley, MS Beautiful, well-maintained home situated on 4.3 acres inside the city limits of Water Vall...	2 beds \| 2 baths \| 2,154 sq.ft.	$368,500	Airbnb cash on cash: -0.53% Traditional cash on cash: 2.78% Airbnb Rental Income: $867 Traditional Rental Income: $1677 Airbnb ROI: -0.53% Traditional ROI: 2.78%
445 County Road 284 (calhoun County) Water Valley, MS Spacious 3,558 sq ft home situated on 5 acres located just 10 miles Southeast of Water Val...	3 beds \| 3 baths \| 3,583 sq.ft.	$298,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $2690 Airbnb ROI: N/A Traditional ROI: 7.44%
222 County Road 102 Water Valley, MS This spacious 2,240 sq ft mobile home, located on 2 acres of land, is just minutes away fr...	4 beds \| 2 baths \| 2,240 sq.ft.	$242,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 8.74% Airbnb Rental Income: $1045 Traditional Rental Income: $2503 Airbnb ROI: 0.77% Traditional ROI: 8.74%
826 Blackmur Dr Water Valley, MS Completely remodeled by a licensed contractor from the foundation up to a new metal roof, ...	2 beds \| 1 baths \| 1,440 sq.ft.	$199,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 7.47% Airbnb Rental Income: $867 Traditional Rental Income: $1769 Airbnb ROI: 0.96% Traditional ROI: 7.47%
2174 Cr 53 Water Valley, MS Been looking for a home near the lake? It's about 1 mile to the entrance to Water Valley. ...	3 beds \| 1 baths \| 1,376 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.14% Airbnb Rental Income: $null Traditional Rental Income: $1906 Airbnb ROI: N/A Traditional ROI: 10.14%
615 N Main St Water Valley, MS Discover the charm of downtown Water Valley living in this beautifully preserved home, jus...	2 beds \| 2 baths \| 1,470 sq.ft.	$298,500	Airbnb cash on cash: 0.35% Traditional cash on cash: 6.25% Airbnb Rental Income: $867 Traditional Rental Income: $2190 Airbnb ROI: 0.35% Traditional ROI: 6.25%
301 Market St Water Valley, MS Step into a rare opportunity to own a beautifully restored piece of Water Valley history. ...	4 beds \| 2 baths \| 3,356 sq.ft.	$399,500	Airbnb cash on cash: 0.36% Traditional cash on cash: 7.24% Airbnb Rental Income: $1045 Traditional Rental Income: $3258 Airbnb ROI: 0.36% Traditional ROI: 7.24%
Off Highway 315 Water Valley, MS Off Highway 315, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$3,900,798	Airbnb cash on cash: -1.74% Traditional cash on cash: -1.53% Airbnb Rental Income: $605 Traditional Rental Income: $1086 Airbnb ROI: -1.74% Traditional ROI: -1.53%
00 Cr 115 Water Valley, MS 00 Cr 115, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$305,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.68% Airbnb Rental Income: $605 Traditional Rental Income: $805 Airbnb ROI: -1.03% Traditional ROI: 0.68%
000 Cr 118 Water Valley, MS 000 Cr 118, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$139,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.51% Airbnb Rental Income: $605 Traditional Rental Income: $805 Airbnb ROI: -0.14% Traditional ROI: 3.51%
208 Calhoun St Water Valley, MS 208 Calhoun St, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 10.02% Airbnb Rental Income: $605 Traditional Rental Income: $805 Airbnb ROI: 1.88% Traditional ROI: 10.02%
63.20 ac County Road 15 Water Valley, MS 63.20 ac County Road 15, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$168,500	Airbnb cash on cash: -0.42% Traditional cash on cash: 3.19% Airbnb Rental Income: $605 Traditional Rental Income: $895 Airbnb ROI: -0.42% Traditional ROI: 3.19%
358 County Road 550 (shady Hill Circle) Water Valley, MS Want privacy? Just off Hwy 7 South. This home sits on 3 acres, way off the road. 3 bed 2 b...	3 beds \| 2 baths \| 1,302 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.23% Airbnb Rental Income: $null Traditional Rental Income: $1933 Airbnb ROI: N/A Traditional ROI: 7.23%
311 Wood St Water Valley, MS 311 Wood St, Water Valley, MS 38965 \| Single Family Residential	6 beds \| 4 baths \| 4,179 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.24% Airbnb Rental Income: $null Traditional Rental Income: $3276 Airbnb ROI: N/A Traditional ROI: 7.24%
00 County Road 379 Water Valley, MS 00 County Road 379, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$799,000	Airbnb cash on cash: -1.51% Traditional cash on cash: -0.71% Airbnb Rental Income: $605 Traditional Rental Income: $907 Airbnb ROI: -1.51% Traditional ROI: -0.71%
51.7 ac County Road 56 Water Valley, MS 51.7 ac County Road 56, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$128,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 4.91% Airbnb Rental Income: $605 Traditional Rental Income: $919 Airbnb ROI: 0.01% Traditional ROI: 4.91%
607 Market St Water Valley, MS Welcome home! This magnificently remodeled home offers all the character, charm and great ...	5 beds \| 3 baths \| 2,715 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.02% Airbnb Rental Income: $null Traditional Rental Income: $3072 Airbnb ROI: N/A Traditional ROI: 8.02%
57.9 ac County Road 291 Water Valley, MS 57.9 ac County Road 291, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$194,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 2.75% Airbnb Rental Income: $605 Traditional Rental Income: $933 Airbnb ROI: -0.6% Traditional ROI: 2.75%
40 ac County Road 118 Water Valley, MS 40 ac County Road 118, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 4.45% Airbnb Rental Income: $605 Traditional Rental Income: $933 Airbnb ROI: -0.15% Traditional ROI: 4.45%
20.5 ac County Road 224 Water Valley, MS 20.5 ac County Road 224, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$71,750	Airbnb cash on cash: 1.33% Traditional cash on cash: 9.93% Airbnb Rental Income: $605 Traditional Rental Income: $926 Airbnb ROI: 1.33% Traditional ROI: 9.93%
1013 Community Park Dr Water Valley, MS 1013 Community Park Dr, Water Valley, MS 38965 \| Other	2 beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 1.15% Airbnb Rental Income: $867 Traditional Rental Income: $926 Airbnb ROI: -0.24% Traditional ROI: 1.15%
247 Cr 376 (lafayette County) Water Valley, MS Charming home in Lafayette county! Just a short 18 minute drive from the Oxford Square. Th...	3 beds \| 2 baths \| 2,611 sq.ft.	$949,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.94% Airbnb Rental Income: $null Traditional Rental Income: $2515 Airbnb ROI: N/A Traditional ROI: 0.94%
151 County Road 371 Water Valley, MS 151 County Road 371, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$918,000	Airbnb cash on cash: -1.55% Traditional cash on cash: -0.83% Airbnb Rental Income: $605 Traditional Rental Income: $926 Airbnb ROI: -1.55% Traditional ROI: -0.83%
201 Ridgewood Water Valley, MS Here's your chance to own your own dual home property situated near Enid Lake on 0.7 acres...	3 beds \| 2 baths \| 560 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.61% Airbnb Rental Income: $null Traditional Rental Income: $1734 Airbnb ROI: N/A Traditional ROI: 11.61%
2360 County Road 225 Water Valley, MS Welcome to 2360 County Road 225 in Water Valley, MS! This beautifully renovated 4-bedroom,...	4 beds \| 2 baths \| 2,198 sq.ft.	$270,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 7.07% Airbnb Rental Income: $1045 Traditional Rental Income: $2353 Airbnb ROI: 0.51% Traditional ROI: 7.07%
35 ac County Road 90 Water Valley, MS 35 ac County Road 90, Water Valley, MS 38965 \| Other	N/A beds \| N/A baths \| N/A	$155,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 3.82% Airbnb Rental Income: $605 Traditional Rental Income: $926 Airbnb ROI: -0.31% Traditional ROI: 3.82%
913 Hwy 7 (lafayette County) Water Valley, MS 913 Hwy 7 (lafayette County), Water Valley, MS 38965 \| Single Family Residential	3 beds \| 2 baths \| 1,807 sq.ft.	$424,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.69% Airbnb Rental Income: $null Traditional Rental Income: $2280 Airbnb ROI: N/A Traditional ROI: 3.69%

Real Estate investment in Water-valley, MS

There are 58 properties for sale in the city of Water Valley . The median list price in Water Valley is $202,379 and the average price per square foot is $103. In October 2026, the average monthly cash on cash return in Water Valley is 7.00%. The average monthly rental income in Water Valley is $1,771.

Water-valley, MS Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 58 investment properties available for sale in Water-valley.

In 2026, the best neighborhood to buy investment property is Water Valley.

The ROI for Long-Term is higher than the Short-Term in Water-valley with average rental income of $1,771.

Your search for investment property begins and ends here

Investment Property for Sale in Water Valley, MS

2640 Hwy 315

Water Valley, MS

3 beds | 2 baths | 1,400 sq.ft.

$139,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.03%

Airbnb Rental Income: $null

Traditional Rental Income: $1680

Airbnb ROI: N/A

Traditional ROI: 10.03%

26 CR 272

Water Valley, MS

4 beds | 3 baths | 3,130 sq.ft.

$399,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 6.87%

Airbnb Rental Income: $1045

Traditional Rental Income: $3337

Airbnb ROI: -0.23%

Traditional ROI: 6.87%

206 Calhoun St

Water Valley, MS

2 beds | N/A baths | 1,334 sq.ft.

$218,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 5.92%

Airbnb Rental Income: $867

Traditional Rental Income: $1687

Airbnb ROI: 0.33%

Traditional ROI: 5.92%

410 Calhoun St

Water Valley, MS

3 beds | 1 baths | 5,286 sq.ft.

$195,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.59%

Airbnb Rental Income: $null

Traditional Rental Income: $1647

Airbnb ROI: N/A

Traditional ROI: 6.59%

108 Blount St

Water Valley, MS

3 beds | 2 baths | 2,015 sq.ft.

$237,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.56%

Airbnb Rental Income: $null

Traditional Rental Income: $1971

Airbnb ROI: N/A

Traditional ROI: 6.56%

707 Blackmur Dr

Water Valley, MS

4 beds | 3 baths | 2,892 sq.ft.

$380,000

Airbnb cash on cash: 0.35%

Traditional cash on cash: 7.62%

Airbnb Rental Income: $1045

Traditional Rental Income: $3273

Airbnb ROI: 0.35%

Traditional ROI: 7.62%

105 Pate St

Water Valley, MS

3 beds | 3 baths | 2,541 sq.ft.

$339,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.54%

Airbnb Rental Income: $null

Traditional Rental Income: $3068

Airbnb ROI: N/A

Traditional ROI: 7.54%

304 Dupuy

Water Valley, MS

4 beds | 2 baths | 3,331 sq.ft.

$399,900

Airbnb cash on cash: -0.23%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $1045

Traditional Rental Income: $2607

Airbnb ROI: -0.23%