229 Lakeside VillaDiamondheadMS39525
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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 Diamondhead at 229 Lakeside Villa, Diamondhead, MS, 39525 generates $819/mo in rent, after a $524/mo payment. Total monthly income is $819/mo. Return on cash invested sits at 15.68% in year one, and rental yield is 9.19% on a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 83.61% and total cumulative return in cash sums $29,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $819/mo property income rather than buyer’s personal income.
Condo
Built in 1975
435.60 sqft lot
$N/A/sqft
$289 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39525, Diamondhead, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,779 (100%) |
| Owner Occupied HU | 3,869 (81.0%) |
| Renter Occupied HU | 461 ( 9.6%) |
| Vacant Housing Units | 449 ( 9.4%) |
| Median Home Value | $245,548 |
| Average Home Value | $267,598 |
Housing Distribution
Address Breakdown
Residential
4,578
Single Family
4,578
Multi-Family
0
Businesses
224
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Listed by: Mikaela Pena • NextHome Simplicity
Mls Name: MLS United
Mls ID: #4082238
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.