361 Pine Grove RdPicayuneMS39466
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Nearby investment properties with comparable prices
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
Rental property for sale in Picayune at 361 Pine Grove Rd, Picayune, MS, 39466 offers $1,409/mo rent that, after a $880/mo payment, leaves $309/mo cash flow. Total monthly income is $1,409/mo, and annual cash flow is $3,704/yr on $59,620 cash. Return on cash invested measures 26.12% in year one, and rental yield stands at 9.4% at a $179,850 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,689 by year five. Five-year ROI records 136.07% and total cumulative return in cash reaches $81,126. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,409/mo property income versus a $880/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
13.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 8,574 (66.8%) |
| Renter Occupied HU | 2,995 (23.3%) |
| Vacant Housing Units | 1,265 ( 9.9%) |
| Median Home Value | $168,711 |
| Average Home Value | $192,717 |
Housing Distribution
Address Breakdown
Residential
12,018
Single Family
11,375
Multi-Family
643
Businesses
1,020
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Nearby investment properties with comparable prices
Listed by: James M Overstreet • New Horizons Realty, Inc.
Mls Name: MLS United
Mls ID: #4091669
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.