410 Grover Barrett RdPicayuneMS39466
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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 Picayune at 410 Grover Barrett Rd, Picayune, MS, 39466 priced at $185,000 converts $1,253/mo rent into $121/mo cash flow after a $905/mo obligation. Total monthly income equals $1,253/mo, and annual cash flow totals $1,457/yr on $61,328 invested. Return on cash invested prints 22.28% in year one, and rental yield reads 8.13% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 115.53% and total cumulative return in cash sums $70,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,253/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 2021
1 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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Listed by: Martha R Ford • Ford Realty, Inc.
Mls Name: MLS United
Mls ID: #4128888