603 James AveWigginsMS39577
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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
Rental property for sale in Wiggins at 603 James Ave, Wiggins, MS, 39577 priced at $179,500 converts $1,697/mo rent into $580/mo cash flow after a $879/mo obligation. Total monthly income equals $1,697/mo, and annual cash flow totals $6,955/yr on $59,504 invested. Return on cash invested prints 31.6% in year one, and rental yield reads 11.34% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 165.57% and total cumulative return in cash sums $98,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,697/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Katelyn L Spence • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4118342
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.