209 Tower RdWigginsMS39577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 209 Tower Rd, Wiggins, MS, 39577 offers $1,655/mo rent that, after a $734/mo payment, leaves $737/mo cash flow. Total monthly income is $1,655/mo, and annual cash flow is $8,847/yr on $49,725 cash. Return on cash invested measures 37.7% in year one, and rental yield stands at 13.24% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 198.24% and total cumulative return in cash reaches $98,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,655/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
1.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica F Lee • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4124930