209 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
Investment property for sale in Ridgeland at 209 Parke Dr, Ridgeland, MS, 39157 with 5% annual appreciation on a $864,900 basis while $5,338/mo rent supports operations. 8% in year one. Equity gained on principal adds $5,581/yr, and five-year appreciation sums $238,956 alongside rental yield of 7.41%. Five-year ROI measures 102.28% and total cumulative return in cash totals $291,032. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,338/mo property income versus a $4,233/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.50 Acres lot
$N/A/sqft
$325 quarterly 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: Cathy A Harkins • C H & Company Real Estate
Mls Name: MLS United
Mls ID: #4060738
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.