23 Ridgeview DrPurvisMS39475
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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 Purvis at 23 Ridgeview Dr, Purvis, MS, 39475 priced at $239,000 pairs $2,322/mo rent with $859/mo cash flow after a $1,170/mo payment. Total monthly income equals $2,322/mo, and annual cash flow comes to $10,311/yr on $79,229 invested. Return on cash invested is 32.92% in year one, and rental yield stands at 11.66% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 172.57% and total cumulative return in cash reaches $136,728. For financing, Ziffy Mortgage’s DSCR program evaluates $2,322/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39475, Purvis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,555 (100%) |
| Owner Occupied HU | 4,147 (74.7%) |
| Renter Occupied HU | 983 (17.7%) |
| Vacant Housing Units | 425 ( 7.7%) |
| Median Home Value | $222,759 |
| Average Home Value | $227,317 |
Housing Distribution
Address Breakdown
Residential
5,357
Single Family
5,301
Multi-Family
56
Businesses
279
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Listed by: Adam P. Watkins • The All-Star Team Inc
Mls Name: HSMLS
Mls ID: #144626