105 NE Timber Ridge DrWaynesboroMS39367
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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
Rental property for sale in Waynesboro at 105 NE Timber Ridge Dr, Waynesboro, MS, 39367 priced at $875,000 converts $779/mo rent into after a $4,283/mo obligation. Total monthly income equals $779/mo. Return on cash invested prints 0.99% in year one, and rental yield reads 1.07% against a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation compiles into $241,746 by year five. Five-year ROI reaches 1.25% and total cumulative return in cash sums $3,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $779/mo property income covering a $4,283/mo payment, not borrower’s personal income.
Single Family
Built in 2017
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39367, Waynesboro, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,572 (100%) |
| Owner Occupied HU | 4,620 (70.3%) |
| Renter Occupied HU | 1,186 (18.0%) |
| Vacant Housing Units | 766 (11.7%) |
| Median Home Value | $134,262 |
| Average Home Value | $167,075 |
Housing Distribution
Address Breakdown
Residential
6,209
Single Family
6,039
Multi-Family
170
Businesses
620
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Listed by: Laura Kelley • Laura Kelley Realty
Mls Name: LBOR
Mls ID: #36423
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.