589 Oak Ridge WayPearlMS39208
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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 Pearl at 589 Oak Ridge Way, Pearl, MS, 39208 with 5% annual appreciation on a $255,000 basis while $2,308/mo rent supports operations. Total monthly income totals $2,308/mo and a $1,248/mo payment preserves $748/mo for cash returns. Annual cash flow comes to $8,971/yr on $84,533 deployed, and return on cash invested reaches 30.52% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 10.86%. Five-year ROI measures 159.67% and total cumulative return in cash totals $134,972.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,308/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39208, Pearl, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 8,998 (64.8%) |
| Renter Occupied HU | 4,011 (28.9%) |
| Vacant Housing Units | 871 ( 6.3%) |
| Median Home Value | $177,888 |
| Average Home Value | $221,845 |
Housing Distribution
Address Breakdown
Residential
12,750
Single Family
10,721
Multi-Family
2,029
Businesses
1,119
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Listed by: Shannon Ellis • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4129973