24 Silver Run Progress RdPerkinstonMS39573
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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 Perkinston at 24 Silver Run Progress Rd, Perkinston, MS, 39573 generates $830/mo in rent and, after a $538/mo payment, leaves $157/mo in cash flow. Total monthly income is $830/mo, and annual cash flow is $1,887/yr on $36,465 invested. Return on cash invested sits at 25.08% in year one, and rental yield is 9.05% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 130.58% and total cumulative return in cash sums $47,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $830/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39573, Perkinston, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,089 (100%) |
| Owner Occupied HU | 3,122 (76.4%) |
| Renter Occupied HU | 482 (11.8%) |
| Vacant Housing Units | 485 (11.9%) |
| Median Home Value | $216,438 |
| Average Home Value | $274,512 |
Housing Distribution
Address Breakdown
Residential
3,716
Single Family
3,714
Multi-Family
2
Businesses
96
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Listed by: Sara Rhodes • Real Broker, LLC.
Mls Name: MLS United
Mls ID: #4094125
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.