515 Border Ave WWigginsMS39577
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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 Wiggins at 515 Border Ave W, Wiggins, MS, 39577 uses $80,223 cash to close to unlock $6,727/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $2,041/mo, and a $1,184/mo payment keeps the spread at $561/mo. Purchase price stands at $242,000, and rental yield measures 10.12% with $2,041/mo rent. Return on cash invested shows 28.29% in year one, and 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 147.72% and total cumulative return in cash records $118,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,041/mo property income covering a $1,184/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Kim Alexander • Century 21 Busch Realty Group
Mls Name: MLS United
Mls ID: #4080893
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.