550 Post Rd APT 602RidgelandMS39157
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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 Ridgeland at 550 Post Rd APT 602, Ridgeland, MS, 39157 listed at $298,000 pairs $2,258/mo rent with a $1,459/mo payment to leave $44/mo cash flow. Total monthly income runs $2,258/mo, and annual cash flow reaches $527/yr on $98,787 cash to close. Return on cash invested measures 20.44% in year one, and rental yield registers 9.09% at a $298,000 basis. Equity gained on principal adds $1,923/yr, and annual property appreciation at 5% supports $82,332 by year five. Five-year ROI tracks 107.32% and total cumulative return in cash totals $106,016. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,258/mo property income relative to a $1,459/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
435.60 sqft lot
$N/A/sqft
$390 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Ellen Mozingo • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4122000
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.