302 Azalea LnRichtonMS39476
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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 Richton at 302 Azalea Ln, Richton, MS, 39476 priced at $165,000 converts $1,303/mo rent into $293/mo cash flow after a $808/mo obligation. Total monthly income equals $1,303/mo, and annual cash flow totals $3,514/yr on $54,698 invested. Return on cash invested prints 26.33% in year one, and rental yield reads 9.48% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 137.23% and total cumulative return in cash sums $75,059. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,303/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39476, Richton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,401 (100%) |
| Owner Occupied HU | 2,518 (74.0%) |
| Renter Occupied HU | 470 (13.8%) |
| Vacant Housing Units | 413 (12.1%) |
| Median Home Value | $160,750 |
| Average Home Value | $192,968 |
Housing Distribution
Address Breakdown
Residential
2,823
Single Family
2,823
Multi-Family
0
Businesses
138
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Listed by: Latonia Ward • Crye-Leike Pine Belt
Mls Name: HSMLS
Mls ID: #145307