190 Parke DrRidgelandMS39157
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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
Rental property for sale in Ridgeland at 190 Parke Dr, Ridgeland, MS, 39157 offers $4,168/mo rent that, after a $3,057/mo payment, leaves $346/mo cash flow. Total monthly income is $4,168/mo, and annual cash flow is $4,152/yr on $205,461 cash. Return on cash invested measures 22.08% in year one, and rental yield stands at 8.01% at a $624,500 entry. Equity gained on principal adds $4,030/yr while 5% annual appreciation compounds into $172,538 by year five. Five-year ROI records 114.36% and total cumulative return in cash reaches $234,960. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,168/mo property income versus a $3,057/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.78 Acres 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: Marianne S Machost • Turn Key Properties, LLC
Mls Name: MLS United
Mls ID: #4133358