2606 Hickman AvePicayuneMS39466
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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 Picayune at 2606 Hickman Ave, Picayune, MS, 39466 uses $59,670 cash to close to unlock $7,002/yr annual cash flow and $584/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $881/mo payment keeps the spread at $584/mo. Purchase price stands at $180,000, and rental yield measures 11.23% with $1,685/mo rent. Return on cash invested shows 31.64% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 165.72% and total cumulative return in cash records $98,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 8,574 (66.8%) |
| Renter Occupied HU | 2,995 (23.3%) |
| Vacant Housing Units | 1,265 ( 9.9%) |
| Median Home Value | $168,711 |
| Average Home Value | $192,717 |
Housing Distribution
Address Breakdown
Residential
12,018
Single Family
11,375
Multi-Family
643
Businesses
1,020
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Listed by: Cole Sherrer • Freret Realty, LLC.
Mls Name: MLS United
Mls ID: #4125891