391 Old Highway 49PerkinstonMS39573
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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 Perkinston at 391 Old Highway 49, Perkinston, MS, 39573 uses $56,024 cash to close to unlock $3,408/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,318/mo, and a $827/mo payment keeps the spread at $284/mo. Purchase price stands at $169,000, and rental yield measures 9.36% with $1,318/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 135.34% and total cumulative return in cash records $75,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,318/mo property income covering a $827/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39573, Perkinston, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,089 (100%) |
| Owner Occupied HU | 3,122 (76.4%) |
| Renter Occupied HU | 482 (11.8%) |
| Vacant Housing Units | 485 (11.9%) |
| Median Home Value | $216,438 |
| Average Home Value | $274,512 |
Housing Distribution
Address Breakdown
Residential
3,716
Single Family
3,714
Multi-Family
2
Businesses
96
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Listed by: Laci Gates • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4073597
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.