2573 County Road 23Bay SpringsMS39422
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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 Bay Springs at 2573 County Road 23, Bay Springs, MS, 39422 earns $171/mo cash flow from $875/mo rent with a $563/mo payment. Total monthly income totals $875/mo, and annual cash flow totals $2,053/yr on $38,123 capital. ROI tracks 25.3% on current figures, and rental yield reads 9.13% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 131.76% and total cumulative return in cash sums $50,229. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $875/mo property income instead of your personal income.
Single Family
Built in 1950
5.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39422, Bay Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,370 (100%) |
| Owner Occupied HU | 1,663 (70.2%) |
| Renter Occupied HU | 378 (15.9%) |
| Vacant Housing Units | 329 (13.9%) |
| Median Home Value | $121,649 |
| Average Home Value | $159,784 |
Housing Distribution
Address Breakdown
Residential
1,755
Single Family
1,706
Multi-Family
49
Businesses
192
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Listed by: Kayanna Smith • Southern Realty& Appraisal
Mls Name: LBOR
Mls ID: #37179