183 Maxwell RdMichigan CityMS38647
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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 Michigan City at 183 Maxwell Rd, Michigan City, MS, 38647 earns from $0/mo rent with a $847/mo payment. Total monthly income totals $0/mo. ROI tracks -2.25% on current figures, and rental yield reads 0% at a $173,000 purchase. Equity gained on principal adds $1,116/yr, and 5% annual appreciation supports $47,797 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Manufactured
Built in N/A
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38647, Michigan City, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 383 (72.1%) |
| Renter Occupied HU | 70 (13.2%) |
| Vacant Housing Units | 78 (14.7%) |
| Median Home Value | $110,938 |
| Average Home Value | $113,492 |
Housing Distribution
Address Breakdown
Residential
529
Single Family
529
Multi-Family
0
Businesses
22
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No similar rental properties found nearby.
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Listed by: Pamela Redmond Butler • P.A.M. Realty, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-862
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.