321 Necaise 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 321 Necaise St, Waveland, MS, 39576 with 5% annual appreciation on a $270,000 basis while $2,159/mo rent supports operations. Total monthly income totals $2,159/mo and a $1,322/mo payment preserves $506/mo for cash returns. Annual cash flow comes to $6,075/yr on $89,505 deployed, and return on cash invested reaches 26.7% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 9.6%. Five-year ROI measures 139.21% and total cumulative return in cash totals $124,597.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,159/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
8,276 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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Listed by: Jo J Wedgeworth • Prosper Realty
Mls Name: MLS United
Mls ID: #4126950