508 Saint Anthony StWavelandMS39576
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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 508 Saint Anthony St, Waveland, MS, 39576 uses $118,677 cash to close to unlock $2,885/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $2,431/mo, and a $1,752/mo payment keeps the spread at $240/mo. Purchase price stands at $358,000, and rental yield measures 8.15% with $2,431/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $98,909 over five years. Five-year ROI reaches 115.8% and total cumulative return in cash records $137,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,431/mo property income covering a $1,752/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.30 Acres 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: Neilly E Buck • eXp Realty
Mls Name: MLS United
Mls ID: #4101024
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.