115 Turtle Ridge DrBrandonMS39047
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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 Brandon at 115 Turtle Ridge Dr, Brandon, MS, 39047 generates $2,554/mo in rent and, after a $1,493/mo payment, leaves $687/mo in cash flow. Total monthly income is $2,554/mo, and annual cash flow is $8,249/yr on $101,108 invested. Return on cash invested sits at 28.07% in year one, and rental yield is 10.05% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 146.53% and total cumulative return in cash sums $148,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,554/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39047, Brandon, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,067 (100%) |
| Owner Occupied HU | 14,058 (82.4%) |
| Renter Occupied HU | 2,181 (12.8%) |
| Vacant Housing Units | 828 ( 4.9%) |
| Median Home Value | $284,842 |
| Average Home Value | $320,136 |
Housing Distribution
Address Breakdown
Residential
16,709
Single Family
15,919
Multi-Family
790
Businesses
850
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Listed by: Ryan Porter • NextHome Realty Experience
Mls Name: MLS United
Mls ID: #4092970
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.