307 S Steele AvePicayuneMS39466
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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 Picayune at 307 S Steele Ave, Picayune, MS, 39466 earns $727/mo cash flow from $2,009/mo rent with a $1,025/mo payment. Total monthly income totals $2,009/mo, and annual cash flow totals $8,728/yr on $69,449 capital. ROI tracks 32.48% on current figures, and rental yield reads 11.51% at a $209,500 purchase. Equity gained on principal adds $1,352/yr, and 5% annual appreciation supports $57,881 over five years. Five-year ROI reaches 170.17% and total cumulative return in cash sums $118,179. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,009/mo property income instead of your personal income.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 8,574 (66.8%) |
| Renter Occupied HU | 2,995 (23.3%) |
| Vacant Housing Units | 1,265 ( 9.9%) |
| Median Home Value | $168,711 |
| Average Home Value | $192,717 |
Housing Distribution
Address Breakdown
Residential
12,018
Single Family
11,375
Multi-Family
643
Businesses
1,020
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Listed by: Angela D Chambliss • Valente Real Estate, LLC
Mls Name: MLS United
Mls ID: #4119337