16649 Old River RdVancleaveMS39565
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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
Investment property for sale in Vancleave at 16649 Old River Rd, Vancleave, MS, 39565 uses $140,888 cash to close to unlock $3,197/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $2,867/mo, and a $2,080/mo payment keeps the spread at $266/mo. Purchase price stands at $425,000, and rental yield measures 8.1% with $2,867/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash records $161,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,867/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1992
2.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39565, Ocean Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 6,597 (81.3%) |
| Renter Occupied HU | 984 (12.1%) |
| Vacant Housing Units | 536 ( 6.6%) |
| Median Home Value | $257,652 |
| Average Home Value | $265,179 |
Housing Distribution
Address Breakdown
Residential
7,812
Single Family
7,716
Multi-Family
96
Businesses
243
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Listed by: Lisa N Wasielak • Coldwell Banker Smith Home Rltrs-OS
Mls Name: MLS United
Mls ID: #4101453
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.