1831 N Allerton Blvd #BRidgelandMS39157
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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 Ridgeland at 1831 N Allerton Blvd #B, Ridgeland, MS, 39157 earns $474/mo cash flow from $1,178/mo rent with a $563/mo payment. Total monthly income totals $1,178/mo, and annual cash flow totals $5,689/yr on $38,123 capital. ROI tracks 34.83% on current figures, and rental yield reads 12.29% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 182.91% and total cumulative return in cash sums $69,729. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,178/mo property income instead of your personal income.
Multi Family
Built in 1982
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Caleb Monk • Monk and Company
Mls Name: MLS United
Mls ID: #4093811
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.