308 Eastpark StRidgelandMS39157
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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 Ridgeland at 308 Eastpark St, Ridgeland, MS, 39157 earns from $3,071/mo rent with a $2,545/mo payment. Total monthly income totals $3,071/mo. ROI tracks 18.66% on current figures, and rental yield reads 7.09% at a $520,000 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,666 over five years. Five-year ROI reaches 96.26% and total cumulative return in cash sums $164,675. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,071/mo property income instead of your personal income.
Single Family
Built in 2013
3,920 sqft lot
$N/A/sqft
$265 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Darby Tipton • Southern Homes Real Estate
Mls Name: MLS United
Mls ID: #4101517
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.