1835 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 1835 N Allerton Blvd #B, Ridgeland, MS, 39157 listed at $159,000 pairs $1,275/mo rent with a $778/mo payment to leave $302/mo cash flow. Total monthly income runs $1,275/mo, and annual cash flow reaches $3,627/yr on $52,709 cash to close. Return on cash invested measures 26.79% in year one, and rental yield registers 9.62% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 139.74% and total cumulative return in cash totals $73,656. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,275/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1984
4,356 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: Donald Potts • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4098828
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.