603 Charmant PlRidgelandMS39157
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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 Ridgeland at 603 Charmant Pl, Ridgeland, MS, 39157 generates $1,913/mo in rent and, after a $1,370/mo payment, leaves $200/mo in cash flow. Total monthly income is $1,913/mo, and annual cash flow is $2,400/yr on $92,820 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.2% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 116.6% and total cumulative return in cash sums $108,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,913/mo property income rather than buyer’s personal income.
Condo
Built in 2003
3,049 sqft lot
$N/A/sqft
No 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: Craig Whitfield • BHHS Ann Prewitt Realty
Mls Name: MLS United
Mls ID: #4116624