1116 N Main StRipleyMS38663
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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 Ripley at 1116 N Main St, Ripley, MS, 38663 at $120,000 posts ROI 27.99% with $268/mo cash flow from $1,002/mo rent. Total monthly income equals $1,002/mo, and annual cash flow records $3,216/yr on $39,780 to close. Return on cash invested measures 27.99% and rental yield reads 10.02% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 146.08% and total cumulative return in cash totals $58,111.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,002/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38663, Ripley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,128 (100%) |
| Owner Occupied HU | 3,391 (66.1%) |
| Renter Occupied HU | 1,234 (24.1%) |
| Vacant Housing Units | 503 ( 9.8%) |
| Median Home Value | $149,738 |
| Average Home Value | $175,546 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,815
Multi-Family
47
Businesses
474
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Listed by: Austin Swords • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-978
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.