505 N 2nd StBay Saint LouisMS39520
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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 Bay Saint Louis at 505 N 2nd St, Bay Saint Louis, MS, 39520 priced at $475,000 converts $3,942/mo rent into $1,035/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,942/mo, and annual cash flow totals $12,421/yr on $157,463 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 9.96% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 145.08% and total cumulative return in cash sums $228,451. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,942/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39520, Bay Saint Louis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,122 (100%) |
| Owner Occupied HU | 4,375 (53.9%) |
| Renter Occupied HU | 2,157 (26.6%) |
| Vacant Housing Units | 1,590 (19.6%) |
| Median Home Value | $228,185 |
| Average Home Value | $286,488 |
Housing Distribution
Address Breakdown
Residential
7,047
Single Family
6,410
Multi-Family
637
Businesses
492
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Listed by: Estus Kea • John McDonald Realty, LLC
Mls Name: MLS United
Mls ID: #4092464
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.