316 Saint Joseph StWavelandMS39576
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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 Waveland at 316 Saint Joseph St, Waveland, MS, 39576 listed at $199,000 pairs $1,475/mo rent with a $974/mo payment to leave $230/mo cash flow. Total monthly income runs $1,475/mo, and annual cash flow reaches $2,764/yr on $65,969 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 8.89% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 125.45% and total cumulative return in cash totals $82,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,475/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Nearby investment properties with comparable prices
Listed by: Wendy H Boyd • Coldwell Banker Alfonso Realty-BSL
Mls Name: MLS United
Mls ID: #4092424
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.