268 Mary LnRed BanksMS38661
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 Red Banks at 268 Mary Ln, Red Banks, MS, 38661 at $275,000 posts ROI 31.82% with $905/mo cash flow from $2,588/mo rent. Total monthly income equals $2,588/mo, and annual cash flow records $10,862/yr on $91,163 to close. Return on cash invested measures 31.82% and rental yield reads 11.29% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 166.69% and total cumulative return in cash totals $151,955.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,588/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
6.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38661, Red Banks, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 635 (77.2%) |
| Renter Occupied HU | 88 (10.7%) |
| Vacant Housing Units | 100 (12.2%) |
| Median Home Value | $236,983 |
| Average Home Value | $273,189 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
815
Multi-Family
0
Businesses
27
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Nearby investment properties with comparable prices
Listed by: Brianna K Wray • Red Sea Realty Co Llc
Mls Name: MLS United
Mls ID: #4078752
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.