6012 6th StBay Saint LouisMS39520
Nearby investment properties with comparable rents
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
Investment property for sale in Bay Saint Louis at 6012 6th St, Bay Saint Louis, MS, 39520 uses $53,007 cash to close to unlock $2,665/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,201/mo, and a $783/mo payment keeps the spread at $222/mo. Purchase price stands at $159,900, and rental yield measures 9.01% with $1,201/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash records $68,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 2011
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin S Allen • eAgent Nexus
Mls Name: MLS United
Mls ID: #4100661
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.