368 Skating Rink RdRed BanksMS38661
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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
Rental property for sale in Red Banks at 368 Skating Rink Rd, Red Banks, MS, 38661 priced at $799,900 pairs $3,643/mo rent with after a $3,915/mo payment. Total monthly income equals $3,643/mo. Return on cash invested is 14.35% in year one, and rental yield stands at 5.47% on a $799,900 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $220,998 by year five. Five-year ROI measures 72.93% and total cumulative return in cash reaches $191,916. For financing, Ziffy Mortgage’s DSCR program evaluates $3,643/mo property income against a $3,915/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2009
36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38661, Red Banks, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 635 (77.2%) |
| Renter Occupied HU | 88 (10.7%) |
| Vacant Housing Units | 100 (12.2%) |
| Median Home Value | $236,983 |
| Average Home Value | $273,189 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
815
Multi-Family
0
Businesses
27
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Listed by: Alicia L Teeter • The Firm Real Estate LLC
Mls Name: MLS United
Mls ID: #4096640
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.