475 Wilburn RdMichigan CityMS38647
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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 Michigan City at 475 Wilburn Rd, Michigan City, MS, 38647 listed at $404,997 pairs $3,491/mo rent with a $1,982/mo payment to leave $1,013/mo cash flow. Total monthly income runs $3,491/mo, and annual cash flow reaches $12,155/yr on $134,257 cash to close. Return on cash invested measures 28.96% in year one, and rental yield registers 10.34% at a $404,997 basis. Equity gained on principal adds $2,613/yr, and annual property appreciation at 5% supports $111,893 by year five. Five-year ROI tracks 151.3% and total cumulative return in cash totals $203,125. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,491/mo property income relative to a $1,982/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38647, Michigan City, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 383 (72.1%) |
| Renter Occupied HU | 70 (13.2%) |
| Vacant Housing Units | 78 (14.7%) |
| Median Home Value | $110,938 |
| Average Home Value | $113,492 |
Housing Distribution
Address Breakdown
Residential
529
Single Family
529
Multi-Family
0
Businesses
22
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Listed by: Amy L Patterson • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4115946