113 Richardson RdPicayuneMS39466
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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 Picayune at 113 Richardson Rd, Picayune, MS, 39466 priced at $239,000 pairs $1,597/mo rent with $134/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,597/mo, and annual cash flow comes to $1,611/yr on $79,229 invested. Return on cash invested is 21.94% in year one, and rental yield stands at 8.02% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 113.72% and total cumulative return in cash reaches $90,096. For financing, Ziffy Mortgage’s DSCR program evaluates $1,597/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
1.56 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: Antha C Mitchell • RE/MAX Premier Group
Mls Name: MLS United
Mls ID: #4113848
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.