515 E Old Pass RdLong BeachMS39560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Long Beach at 515 E Old Pass Rd, Long Beach, MS, 39560 generates $1,370/mo in rent and, after a $929/mo payment, leaves $208/mo in cash flow. Total monthly income is $1,370/mo, and annual cash flow is $2,500/yr on $62,952 invested. Return on cash invested sits at 23.88% in year one, and rental yield is 8.66% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 124.1% and total cumulative return in cash sums $78,125. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,370/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39560, Long Beach, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,850 (100%) |
| Owner Occupied HU | 5,588 (63.1%) |
| Renter Occupied HU | 2,627 (29.7%) |
| Vacant Housing Units | 635 ( 7.2%) |
| Median Home Value | $237,250 |
| Average Home Value | $266,108 |
Housing Distribution
Address Breakdown
Residential
8,410
Single Family
7,413
Multi-Family
997
Businesses
576
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Listed by: Candice L Pavolini • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4117198
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.