522 Breedlove RdMichigan CityMS38647
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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 Michigan City at 522 Breedlove Rd, Michigan City, MS, 38647 offers $2,814/mo rent that, after a $2,741/mo payment. Total monthly income is $2,814/mo. Return on cash invested measures 16.07% in year one, and rental yield stands at 6.03% at a $560,000 entry. Equity gained on principal adds $3,614/yr while 5% annual appreciation compounds into $154,718 by year five. Five-year ROI records 82.1% and total cumulative return in cash reaches $151,265. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,814/mo property income versus a $2,741/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38647, Michigan City, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 383 (72.1%) |
| Renter Occupied HU | 70 (13.2%) |
| Vacant Housing Units | 78 (14.7%) |
| Median Home Value | $110,938 |
| Average Home Value | $113,492 |
Housing Distribution
Address Breakdown
Residential
529
Single Family
529
Multi-Family
0
Businesses
22
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Listed by: Amy Lynn Patterson • Crye-Leike of MS-Olive Branch
Mls Name: NMMLS
Mls ID: #25-3864