602 Ridge Park LnRaymondMS39154
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 Raymond at 602 Ridge Park Ln, Raymond, MS, 39154 at $249,999 posts ROI 23.06% with $218/mo cash flow from $1,748/mo rent. Total monthly income equals $1,748/mo, and annual cash flow records $2,613/yr on $82,875 to close. Return on cash invested measures 23.06% and rental yield reads 8.39% at the current $249,999. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 119.67% and total cumulative return in cash totals $99,178.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,748/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39154, Raymond, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,673 (100%) |
| Owner Occupied HU | 2,877 (78.3%) |
| Renter Occupied HU | 497 (13.5%) |
| Vacant Housing Units | 299 ( 8.1%) |
| Median Home Value | $271,334 |
| Average Home Value | $280,469 |
Housing Distribution
Address Breakdown
Residential
3,229
Single Family
3,013
Multi-Family
216
Businesses
218
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Listed by: Misti McNichols • Centralized Realty Professionals
Mls Name: MLS United
Mls ID: #4124869