232 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 232 Parke Dr, Ridgeland, MS, 39157 listed at $834,900 pairs $2,034/mo rent with a $4,086/mo payment. Total monthly income runs $2,034/mo. Return on cash invested measures 6.63% in year one, and rental yield registers 2.92% at a $834,900 basis. Equity gained on principal adds $5,387/yr, and annual property appreciation at 5% supports $230,667 by year five. Five-year ROI tracks 31.5% and total cumulative return in cash totals $86,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,034/mo property income relative to a $4,086/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.48 Acres 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: Cathy A Harkins • C H & Company Real Estate
Mls Name: MLS United
Mls ID: #4128150