118 Mississippi DrWaynesboroMS39367
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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 Waynesboro at 118 Mississippi Dr, Waynesboro, MS, 39367 with 5% annual appreciation on a $168,000 basis while $1,301/mo rent supports operations. Total monthly income totals $1,301/mo and a $822/mo payment preserves $273/mo for cash returns. Annual cash flow comes to $3,278/yr on $55,692 deployed, and return on cash invested reaches 25.8% in year one. Equity gained on principal adds $1,084/yr, and five-year appreciation sums $46,415 alongside rental yield of 9.29%. Five-year ROI measures 134.4% and total cumulative return in cash totals $74,849.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,301/mo property income versus a $822/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39367, Waynesboro, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,572 (100%) |
| Owner Occupied HU | 4,620 (70.3%) |
| Renter Occupied HU | 1,186 (18.0%) |
| Vacant Housing Units | 766 (11.7%) |
| Median Home Value | $134,262 |
| Average Home Value | $167,075 |
Housing Distribution
Address Breakdown
Residential
6,209
Single Family
6,039
Multi-Family
170
Businesses
620
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Listed by: Laura Kelley • Laura Kelley Realty
Mls Name: LBOR
Mls ID: #37356