116 Elva DrPass ChristianMS39571
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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
Rental property for sale in Pass Christian at 116 Elva Dr, Pass Christian, MS, 39571 priced at $425,000 converts $2,250/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,250/mo. Return on cash invested prints 16.92% in year one, and rental yield reads 6.35% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 86.75% and total cumulative return in cash sums $122,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,250/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2019
10,018 sqft 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: Rachelle Clark • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4121171