16 B Baxter RdWigginsMS39577
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 Wiggins at 16 B Baxter Rd, Wiggins, MS, 39577 priced at $229,000 pairs $1,441/mo rent with $39/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,441/mo, and annual cash flow comes to $474/yr on $75,914 invested. Return on cash invested is 20.53% in year one, and rental yield stands at 7.55% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 106.14% and total cumulative return in cash reaches $80,573. For financing, Ziffy Mortgage’s DSCR program evaluates $1,441/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
2.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Philip J Leblanc • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4109997
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.