1351 Dorse RdMichigan CityMS38647
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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 Michigan City at 1351 Dorse Rd, Michigan City, MS, 38647 offers $3,305/mo rent that, after a $4,234/mo payment. Total monthly income is $3,305/mo. Return on cash invested measures 11.67% in year one, and rental yield stands at 4.58% at a $865,000 entry. Equity gained on principal adds $5,582/yr while 5% annual appreciation compounds into $238,984 by year five. Five-year ROI records 58.57% and total cumulative return in cash reaches $166,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,305/mo property income versus a $4,234/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
5.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38647, Michigan City, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 383 (72.1%) |
| Renter Occupied HU | 70 (13.2%) |
| Vacant Housing Units | 78 (14.7%) |
| Median Home Value | $110,938 |
| Average Home Value | $113,492 |
Housing Distribution
Address Breakdown
Residential
529
Single Family
529
Multi-Family
0
Businesses
22
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Listed by: Pamela R Colvin • Keller Williams Realty - Getwell
Mls Name: MLS United
Mls ID: #4094352
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.