11051 Cody LnPicayuneMS39466
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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 Picayune at 11051 Cody Ln, Picayune, MS, 39466 offers a 9.29% rental yield on a $115,000 purchase with $890/mo rent. Total monthly income registers $890/mo, and a $563/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,233/yr on $38,123 to close, and return on cash invested stands at 25.77% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 134.28% and total cumulative return in cash at $51,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $890/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1987
2 Acres 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: Denise R Maggiore • Coldwell Banker Country Properties, Inc.
Mls Name: MLS United
Mls ID: #4091957
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.