206 5th St NWigginsMS39577
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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 Wiggins at 206 5th St N, Wiggins, MS, 39577 generates $2,107/mo in rent and, after a $1,316/mo payment, leaves $462/mo in cash flow. Total monthly income is $2,107/mo, and annual cash flow is $5,539/yr on $89,140 invested. Return on cash invested sits at 26.12% in year one, and rental yield is 9.4% on a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation builds toward $74,292 over five years. Five-year ROI reaches 136.09% and total cumulative return in cash sums $121,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,107/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Miranda Brister • Weichert Rltrs-Gulf Properties
Mls Name: MLS United
Mls ID: #4134358