231 Carlton 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 231 Carlton Parke Dr, Ridgeland, MS, 39157 with 5% annual appreciation on a $1,059,000 basis while $5,705/mo rent supports operations. 66% in year one. Equity gained on principal adds $6,834/yr, and five-year appreciation sums $292,582 alongside rental yield of 6.46%. Five-year ROI measures 90.58% and total cumulative return in cash totals $310,799. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,705/mo property income versus a $5,183/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A