105 Cherry Laurel LnRidgelandMS39157
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
Total monthly income runs $3,829/mo, and a $5,134/mo payment. Purchase price stands at $1,049,000, and rental yield measures 4.38% with $3,829/mo rent. Return on cash invested shows 9.87% in year one, and 5% annual appreciation builds toward $289,819 over five years. Five-year ROI reaches 49.28% and total cumulative return in cash records $167,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,829/mo property income covering a $5,134/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.69 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marianne Coker • BHHS Gateway Real Estate
Mls Name: MLS United
Mls ID: #4094635
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.