116 Palm AvePass ChristianMS39571
Nearby investment properties with comparable rents
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 Palm Ave, Pass Christian, MS, 39571 offers $2,760/mo rent that, after a $2,325/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 18.79% in year one, and rental yield stands at 6.97% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 96.77% and total cumulative return in cash reaches $152,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy P Wood • Amy Wood Properties
Mls Name: MLS United
Mls ID: #4127601