12 N Ridge LnCarriereMS39426
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 Carriere at 12 N Ridge Ln, Carriere, MS, 39426 offers $1,574/mo rent that, after a $823/mo payment, leaves $476/mo cash flow. Total monthly income is $1,574/mo, and annual cash flow is $5,714/yr on $55,725 cash. Return on cash invested measures 30.16% in year one, and rental yield stands at 11.24% at a $168,100 entry. Equity gained on principal adds $1,085/yr while 5% annual appreciation compounds into $46,443 by year five. Five-year ROI records 158.34% and total cumulative return in cash reaches $88,237. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,574/mo property income versus a $823/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39426, Carriere, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,920 (100%) |
| Owner Occupied HU | 6,195 (78.2%) |
| Renter Occupied HU | 854 (10.8%) |
| Vacant Housing Units | 871 (11.0%) |
| Median Home Value | $229,215 |
| Average Home Value | $248,083 |
Housing Distribution
Address Breakdown
Residential
7,391
Single Family
7,391
Multi-Family
0
Businesses
182
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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