404 Southgate DrRichlandMS39218
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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
Investment property for sale in Richland at 404 Southgate Dr, Richland, MS, 39218 offers a 12% rental yield on a $130,000 purchase with $1,300/mo rent. Total monthly income registers $1,300/mo, and a $636/mo payment leaves $505/mo available for distribution. Annual cash flow reaches $6,057/yr on $43,095 to close, and return on cash invested stands at 33.96% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 178.16% and total cumulative return in cash at $76,779. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39218, Richland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,787 (64.0%) |
| Renter Occupied HU | 773 (27.7%) |
| Vacant Housing Units | 233 ( 8.3%) |
| Median Home Value | $169,424 |
| Average Home Value | $194,079 |
Housing Distribution
Address Breakdown
Residential
2,965
Single Family
2,261
Multi-Family
704
Businesses
526
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Listed by: Leslie P Ratcliff • Ratcliff Realty Group LLC
Mls Name: MLS United
Mls ID: #4134712