1020 Palestine RdPicayuneMS39466
Nearby investment properties with comparable rents
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
Rental property for sale in Picayune at 1020 Palestine Rd, Picayune, MS, 39466 priced at $109,900 pairs $832/mo rent with $159/mo cash flow after a $538/mo payment. Total monthly income equals $832/mo, and annual cash flow comes to $1,912/yr on $36,432 invested. Return on cash invested is 25.16% in year one, and rental yield stands at 9.08% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 130.97% and total cumulative return in cash reaches $47,716. For financing, Ziffy Mortgage’s DSCR program evaluates $832/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 8,574 (66.8%) |
| Renter Occupied HU | 2,995 (23.3%) |
| Vacant Housing Units | 1,265 ( 9.9%) |
| Median Home Value | $168,711 |
| Average Home Value | $192,717 |
Housing Distribution
Address Breakdown
Residential
12,018
Single Family
11,375
Multi-Family
643
Businesses
1,020
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Listed by: Michelle M Leleux • RE/MAX Premier Group
Mls Name: MLS United
Mls ID: #4091824
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.