121 Clearwater CvRidgelandMS39157
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
Investment property for sale in Ridgeland at 121 Clearwater Cv, Ridgeland, MS, 39157 uses $46,045 cash to close to unlock $19,522/yr annual cash flow and $1,627/mo monthly cash flow. Total monthly income runs $2,477/mo, and a $680/mo payment keeps the spread at $1,627/mo. Purchase price stands at $138,900, and rental yield measures 21.4% with $2,477/mo rent. Return on cash invested shows 62.31% in year one, and 5% annual appreciation builds toward $38,376 over five years. Five-year ROI reaches 330.09% and total cumulative return in cash records $151,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,477/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.36 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tronnie Lacy • Maselle & Associates Inc
Mls Name: MLS United
Mls ID: #4130604