2003 Lewis AvePascagoulaMS39567
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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 Pascagoula at 2003 Lewis Ave, Pascagoula, MS, 39567 priced at $125,000 converts $956/mo rent into $191/mo cash flow after a $612/mo obligation. Total monthly income equals $956/mo, and annual cash flow totals $2,291/yr on $41,438 invested. Return on cash invested prints 25.44% in year one, and rental yield reads 9.18% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 132.38% and total cumulative return in cash sums $54,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $956/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39567, Pascagoula, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,233 (100%) |
| Owner Occupied HU | 2,621 (50.1%) |
| Renter Occupied HU | 1,836 (35.1%) |
| Vacant Housing Units | 776 (14.8%) |
| Median Home Value | $187,174 |
| Average Home Value | $244,041 |
Housing Distribution
Address Breakdown
Residential
4,567
Single Family
3,838
Multi-Family
729
Businesses
662
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Listed by: Summer Davis Shelby • Coldwell Banker Alfonso Realty-OS-B/O
Mls Name: MLS United
Mls ID: #4094259
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.