29351 Highway 18Bay 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 29351 Highway 18, Bay Springs, MS, 39422 uses $38,123 cash to close to unlock $2,017/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $872/mo, and a $563/mo payment keeps the spread at $168/mo. Purchase price stands at $115,000, and rental yield measures 9.1% with $872/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 131.29% and total cumulative return in cash records $50,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $872/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1940
3 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: N/A • N/A
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