104 Matthew Johnson RdWigginsMS39577
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 Wiggins at 104 Matthew Johnson Rd, Wiggins, MS, 39577 priced at $159,900 converts $1,500/mo rent into $521/mo cash flow after a $783/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $6,253/yr on $53,007 invested. Return on cash invested prints 31.71% in year one, and rental yield reads 11.26% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 166.09% and total cumulative return in cash sums $88,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $783/mo payment, not borrower’s personal income.
Manufactured
Built in 2012
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Sheffield • Paul Hardy Properties
Mls Name: MLS United
Mls ID: #4129562