103 Little Creek RdRidgelandMS39157
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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
Investment Highlights
Investment property for sale in Ridgeland at 103 Little Creek Rd, Ridgeland, MS, 39157 earns from $5,755/mo rent with a $4,870/mo payment. Total monthly income totals $5,755/mo. ROI tracks 17.56% on current figures, and rental yield reads 6.94% at a $995,000 purchase. Equity gained on principal adds $6,421/yr, and 5% annual appreciation supports $274,900 over five years. Five-year ROI reaches 90.57% and total cumulative return in cash sums $296,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,755/mo property income instead of your personal income.
Single Family
Built in 2004
0.97 Acres lot
$N/A/sqft
$1,875 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Juanita Kennedy • Kennedy & Company Real Estate
Mls Name: MLS United
Mls ID: #4087774
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.