242 Molokai Vlg BUILDING JDiamondheadMS39525
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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 Diamondhead at 242 Molokai Vlg BUILDING J, Diamondhead, MS, 39525 offers $824/mo rent that, after a $504/mo payment. Total monthly income is $824/mo. Return on cash invested measures 11.43% in year one, and rental yield stands at 9.6% at a $103,000 entry. Equity gained on principal adds $665/yr while 5% annual appreciation compounds into $28,457 by year five. Five-year ROI records 62.9% and total cumulative return in cash reaches $21,478. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $824/mo property income versus a $504/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$426 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39525, Diamondhead, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,779 (100%) |
| Owner Occupied HU | 3,869 (81.0%) |
| Renter Occupied HU | 461 ( 9.6%) |
| Vacant Housing Units | 449 ( 9.4%) |
| Median Home Value | $245,548 |
| Average Home Value | $267,598 |
Housing Distribution
Address Breakdown
Residential
4,578
Single Family
4,578
Multi-Family
0
Businesses
224
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Listed by: Katelyn L Spence • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4120315
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.