129 Sears AveWavelandMS39576
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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 Waveland at 129 Sears Ave, Waveland, MS, 39576 priced at $399,000 converts $2,498/mo rent into $56/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,498/mo, and annual cash flow totals $675/yr on $132,269 invested. Return on cash invested prints 20.42% in year one, and rental yield reads 7.51% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 105.51% and total cumulative return in cash sums $139,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,498/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 2009
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Listed by: Anita F Sanderford • Coldwell Banker Alfonso Realty - DH
Mls Name: MLS United
Mls ID: #4111952