516 Hickory DrLong BeachMS39560
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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 Long Beach at 516 Hickory Dr, Long Beach, MS, 39560 listed at $255,000 pairs $1,900/mo rent with a $1,248/mo payment to leave $340/mo cash flow. Total monthly income runs $1,900/mo, and annual cash flow reaches $4,075/yr on $84,533 cash to close. Return on cash invested measures 24.73% in year one, and rental yield registers 8.94% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 128.61% and total cumulative return in cash totals $108,716. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,900/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
7,840 sqft 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: Tracey Ross • Rain Residential
Mls Name: MLS United
Mls ID: #4118578