1508 Hall DrRipleyMS38663
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 Ripley at 1508 Hall Dr, Ripley, MS, 38663 priced at $224,900 converts $1,897/mo rent into $521/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,897/mo, and annual cash flow totals $6,246/yr on $74,554 invested. Return on cash invested prints 28.29% in year one, and rental yield reads 10.12% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 147.7% and total cumulative return in cash sums $110,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,897/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38663, Ripley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,128 (100%) |
| Owner Occupied HU | 3,391 (66.1%) |
| Renter Occupied HU | 1,234 (24.1%) |
| Vacant Housing Units | 503 ( 9.8%) |
| Median Home Value | $149,738 |
| Average Home Value | $175,546 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,815
Multi-Family
47
Businesses
474
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Bullock • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-1472
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.