46 Bayless AveBay SpringsMS39422
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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 Bay Springs at 46 Bayless Ave, Bay Springs, MS, 39422 uses $34,038 cash to close to unlock $1,995/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $795/mo, and a $503/mo payment keeps the spread at $166/mo. Purchase price stands at $102,680, and rental yield measures 9.29% with $795/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $28,369 over five years. Five-year ROI reaches 134.3% and total cumulative return in cash records $45,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $795/mo property income covering a $503/mo payment rather than investor’s personal income.
Single Family
Built in 1964
8.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39422, Bay Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,370 (100%) |
| Owner Occupied HU | 1,663 (70.2%) |
| Renter Occupied HU | 378 (15.9%) |
| Vacant Housing Units | 329 (13.9%) |
| Median Home Value | $121,649 |
| Average Home Value | $159,784 |
Housing Distribution
Address Breakdown
Residential
1,755
Single Family
1,706
Multi-Family
49
Businesses
192
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Listed by: Eric W. Jackson • HILL REAL ESTATE GROUP, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #24-1191