116 Davis Ave APT EPass ChristianMS39571
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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 Pass Christian at 116 Davis Ave APT E, Pass Christian, MS, 39571 with 5% annual appreciation on a $327,500 basis while $2,306/mo rent supports operations. Total monthly income totals $2,306/mo and a $1,603/mo payment preserves $302/mo for cash returns. Annual cash flow comes to $3,622/yr on $108,566 deployed, and return on cash invested reaches 23.25% in year one. Equity gained on principal adds $2,113/yr, and five-year appreciation sums $90,482 alongside rental yield of 8.45%. Five-year ROI measures 120.64% and total cumulative return in cash totals $130,974.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,306/mo property income versus a $1,603/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39571, Pass Christian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 4,919 (68.5%) |
| Renter Occupied HU | 1,098 (15.3%) |
| Vacant Housing Units | 1,162 (16.2%) |
| Median Home Value | $274,744 |
| Average Home Value | $319,297 |
Housing Distribution
Address Breakdown
Residential
6,918
Single Family
6,702
Multi-Family
216
Businesses
398
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Listed by: Avra O'Dwyer • O'Dwyer Realty-PSC
Mls Name: MLS United
Mls ID: #4088456