284 Lanai Vlg #ZDiamondheadMS39525
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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 284 Lanai Vlg #Z, Diamondhead, MS, 39525 generates $1,513/mo in rent and, after a $881/mo payment, leaves $21/mo in cash flow. Total monthly income is $1,513/mo, and annual cash flow is $246/yr on $59,670 invested. Return on cash invested sits at 20.32% in year one, and rental yield is 10.09% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 107.84% and total cumulative return in cash sums $64,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,513/mo property income rather than buyer’s personal income.
Condo
Built in 2006
435.60 sqft lot
$N/A/sqft
$391 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: Lou L Ladner • RE/MAX Coast Delta Realty
Mls Name: MLS United
Mls ID: #4062736
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.