409 Keller StWavelandMS39576
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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 Waveland at 409 Keller St, Waveland, MS, 39576 generates $1,070/mo in rent and, after a $688/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,070/mo, and annual cash flow is $2,519/yr on $46,576 invested. Return on cash invested sits at 25.32% in year one, and rental yield is 9.14% on a $140,500 entry. Equity gained on principal adds $907/yr, while 5% annual appreciation builds toward $38,818 over five years. Five-year ROI reaches 131.73% and total cumulative return in cash sums $61,355. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,070/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Listed by: Margie T Mayfield • Ashman-Mollere Realty, Inc.
Mls Name: MLS United
Mls ID: #4099505
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.