1119 Edna StWavelandMS39576
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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
Investment property for sale in Waveland at 1119 Edna St, Waveland, MS, 39576 offers a 9.08% rental yield on a $180,000 purchase with $1,362/mo rent. Total monthly income registers $1,362/mo, and a $881/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,788/yr on $59,670 to close, and return on cash invested stands at 24.58% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 128.07% and total cumulative return in cash at $76,421. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,362/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Nearby investment properties with comparable prices
Listed by: Daniell L Barton • Century 21 Busch Realty Group
Mls Name: MLS United
Mls ID: #4101872
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.