216 Carre Ct Unit 3Bay Saint LouisMS39520
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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 Bay Saint Louis at 216 Carre Ct Unit 3, Bay Saint Louis, MS, 39520 offers $3,100/mo rent that, after a $1,786/mo payment, leaves $867/mo cash flow. Total monthly income is $3,100/mo, and annual cash flow is $10,403/yr on $120,998 cash. Return on cash invested measures 28.51% in year one, and rental yield stands at 10.19% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 148.84% and total cumulative return in cash reaches $180,091. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,100/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39520, Bay Saint Louis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,122 (100%) |
| Owner Occupied HU | 4,375 (53.9%) |
| Renter Occupied HU | 2,157 (26.6%) |
| Vacant Housing Units | 1,590 (19.6%) |
| Median Home Value | $228,185 |
| Average Home Value | $286,488 |
Housing Distribution
Address Breakdown
Residential
7,047
Single Family
6,410
Multi-Family
637
Businesses
492
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Listed by: Libby Galloway • Magnolia & CO Real Estate LLC
Mls Name: MLS United
Mls ID: #4137245