15240 Highway 15 NRipleyMS38663
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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
Investment property for sale in Ripley at 15240 Highway 15 N, Ripley, MS, 38663 listed at $250,000 pairs $1,667/mo rent with a $1,224/mo payment to leave $137/mo cash flow. Total monthly income runs $1,667/mo, and annual cash flow reaches $1,641/yr on $82,875 cash to close. Return on cash invested measures 21.89% in year one, and rental yield registers 8% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 113.37% and total cumulative return in cash totals $93,958. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,667/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
5 Acres 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
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Listed by: Frankie McMillin • Palmer-Brown Real Estate Group, LLC
Mls Name: NMMLS
Mls ID: #25-2402