308 Lorraine AvePass ChristianMS39571
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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 Pass Christian at 308 Lorraine Ave, Pass Christian, MS, 39571 uses $46,410 cash to close to unlock $2,455/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $1,108/mo, and a $685/mo payment keeps the spread at $205/mo. Purchase price stands at $140,000, and rental yield measures 9.5% with $1,108/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 131.58% and total cumulative return in cash records $61,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,108/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39571, Pass Christian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 4,919 (68.5%) |
| Renter Occupied HU | 1,098 (15.3%) |
| Vacant Housing Units | 1,162 (16.2%) |
| Median Home Value | $274,744 |
| Average Home Value | $319,297 |
Housing Distribution
Address Breakdown
Residential
6,918
Single Family
6,702
Multi-Family
216
Businesses
398
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Listed by: Jessica Macaluso • LATTER & BLUM (LATT14)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2461127
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