1202 Charmant PlRidgelandMS39157
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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
Rental property for sale in Ridgeland at 1202 Charmant Pl, Ridgeland, MS, 39157 priced at $247,500 converts $2,318/mo rent into $518/mo cash flow after a $1,211/mo obligation. Total monthly income equals $2,318/mo, and annual cash flow totals $6,219/yr on $82,046 invested. Return on cash invested prints 27.49% in year one, and rental yield reads 11.24% against a $247,500 entry. Equity gained on principal adds $1,597/yr, while 5% annual appreciation compiles into $68,380 by year five. Five-year ROI reaches 144.95% and total cumulative return in cash sums $118,925. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,318/mo property income covering a $1,211/mo payment, not borrower’s personal income.
Condo
Built in 2004
3,049 sqft lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Kimberly Moore • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4100772
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.