601 Spanish Acres DrBay Saint LouisMS39520
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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
Rental property for sale in Bay Saint Louis at 601 Spanish Acres Dr, Bay Saint Louis, MS, 39520 offers $1,324/mo rent that, after a $857/mo payment, leaves $253/mo cash flow. Total monthly income is $1,324/mo, and annual cash flow is $3,031/yr on $58,013 cash. Return on cash invested measures 25.13% in year one, and rental yield stands at 9.08% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 130.78% and total cumulative return in cash reaches $75,871. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,324/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39520, Bay Saint Louis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,122 (100%) |
| Owner Occupied HU | 4,375 (53.9%) |
| Renter Occupied HU | 2,157 (26.6%) |
| Vacant Housing Units | 1,590 (19.6%) |
| Median Home Value | $228,185 |
| Average Home Value | $286,488 |
Housing Distribution
Address Breakdown
Residential
7,047
Single Family
6,410
Multi-Family
637
Businesses
492
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Listed by: Wendy H Boyd • Coldwell Banker Alfonso Realty-BSL
Mls Name: MLS United
Mls ID: #4126238