1001 Rue De Lasalle StWavelandMS39576
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Waveland at 1001 Rue De Lasalle St, Waveland, MS, 39576 offers a 9.2% rental yield on a $193,700 purchase with $1,485/mo rent. Total monthly income registers $1,485/mo, and a $948/mo payment leaves $300/mo available for distribution. Annual cash flow reaches $3,597/yr on $64,212 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,250/yr while 5% annual appreciation supports $53,516 over five years. Portfolio math shows five-year ROI at 132.8% and total cumulative return in cash at $85,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,485/mo property income against a $948/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Nearby investment properties with comparable prices
Listed by: Chari M Rapp • McIntyre-Rapp Real Estate
Mls Name: MLS United
Mls ID: #4100869
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.