111 Commons PlRidgelandMS39157
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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 Ridgeland at 111 Commons Pl, Ridgeland, MS, 39157 generates $4,373/mo in rent, after a $3,549/mo payment. Total monthly income is $4,373/mo. Return on cash invested sits at 19.27% in year one, and rental yield is 7.24% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 99.45% and total cumulative return in cash sums $237,209. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,373/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
4,356 sqft lot
$N/A/sqft
$280 quarterly 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: #4099667
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.