23516 Enchanted AvePass ChristianMS39571
Nearby investment properties with comparable rents
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
Investment property for sale in Pass Christian at 23516 Enchanted Ave, Pass Christian, MS, 39571 uses $135,584 cash to close to unlock $5,376/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,951/mo, and a $2,002/mo payment keeps the spread at $448/mo. Purchase price stands at $409,000, and rental yield measures 8.66% with $2,951/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 124% and total cumulative return in cash records $168,117. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,951/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 2006
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39571, Pass Christian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 4,919 (68.5%) |
| Renter Occupied HU | 1,098 (15.3%) |
| Vacant Housing Units | 1,162 (16.2%) |
| Median Home Value | $274,744 |
| Average Home Value | $319,297 |
Housing Distribution
Address Breakdown
Residential
6,918
Single Family
6,702
Multi-Family
216
Businesses
398
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben W Cowart • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4121306