3603 Highway 583 SERuthMS39662
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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 Ruth at 3603 Highway 583 SE, Ruth, MS, 39662 offers a 0% rental yield on a $285,000 purchase with $0/mo rent. 24% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39662, Ruth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 505 (73.0%) |
| Renter Occupied HU | 81 (11.7%) |
| Vacant Housing Units | 106 (15.3%) |
| Median Home Value | $177,220 |
| Average Home Value | $207,861 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
639
Multi-Family
0
Businesses
10
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Listed by: Jana Trout • Mason & Magnolia Real Estate
Mls Name: MLS United
Mls ID: #144730