162 Chicora River RdWaynesboroMS39367
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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 Waynesboro at 162 Chicora River Rd, Waynesboro, MS, 39367 uses $66,267 cash to close to unlock $3,553/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $978/mo payment keeps the spread at $296/mo. Purchase price stands at $199,900, and rental yield measures 9.12% with $1,519/mo rent. Return on cash invested shows 25.27% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 131.56% and total cumulative return in cash records $87,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1972
5.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39367, Waynesboro, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,572 (100%) |
| Owner Occupied HU | 4,620 (70.3%) |
| Renter Occupied HU | 1,186 (18.0%) |
| Vacant Housing Units | 766 (11.7%) |
| Median Home Value | $134,262 |
| Average Home Value | $167,075 |
Housing Distribution
Address Breakdown
Residential
6,209
Single Family
6,039
Multi-Family
170
Businesses
620
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Listed by: Carol Seymour • Laura Kelley Realty
Mls Name: LBOR
Mls ID: #35110
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.