413 Old Spanish TrlWavelandMS39576
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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 Waveland at 413 Old Spanish Trl, Waveland, MS, 39576 uses $82,709 cash to close to unlock $8,272/yr annual cash flow and $689/mo monthly cash flow. Total monthly income runs $2,216/mo, and a $1,221/mo payment keeps the spread at $689/mo. Purchase price stands at $249,500, and rental yield measures 10.66% with $2,216/mo rent. Return on cash invested shows 29.91% in year one, and 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 156.43% and total cumulative return in cash records $129,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,216/mo property income covering a $1,221/mo payment rather than investor’s personal income.
Single Family
Built in 1991
9,583 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: Paulette Snyder • RE/MAX Coast Delta Realty
Mls Name: MLS United
Mls ID: #4126575