1009 Dicks St, Waveland, MS, 39576 | $250/mo Cash Flow

For Sale

Airbnb Potential

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waveland at 1009 Dicks St, Waveland, MS, 39576 offers a 9.34% rental yield on a $150,000 purchase with $1,168/mo rent. Total monthly income registers $1,168/mo, and a $734/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $3,003/yr on $49,725 to close, and return on cash invested stands at 25.95% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 135.2% and total cumulative return in cash at $67,230. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,168/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

0.25 Acres 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