412 Madison AveWigginsMS39577
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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 Wiggins at 412 Madison Ave, Wiggins, MS, 39577 offers a 9.3% rental yield on a $159,900 purchase with $1,239/mo rent. Total monthly income registers $1,239/mo, and a $783/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,121/yr on $53,007 to close, and return on cash invested stands at 25.8% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 134.42% and total cumulative return in cash at $71,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,239/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Hope Blazo • Beach View Real Estate
Mls Name: MLS United
Mls ID: #4134862