305 Ridge RdKilmichaelMS39747
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 Kilmichael at 305 Ridge Rd, Kilmichael, MS, 39747 at $189,900 posts ROI 26.03% with $321/mo cash flow from $1,691/mo rent. Total monthly income equals $1,691/mo, and annual cash flow records $3,855/yr on $62,952 to close. Return on cash invested measures 26.03% and rental yield reads 10.69% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 137.06% and total cumulative return in cash totals $86,285.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,691/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
2.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39747, Kilmichael, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 911 (100%) |
| Owner Occupied HU | 602 (66.1%) |
| Renter Occupied HU | 105 (11.5%) |
| Vacant Housing Units | 204 (22.4%) |
| Median Home Value | $122,685 |
| Average Home Value | $161,366 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
46
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Nearby investment properties with comparable prices
Listed by: Laura Wood • Cravens Properties, LLC
Mls Name: My State MLS
Mls ID: #11435295