6032 E Oktibbeha StBay 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
Investment property for sale in Bay Saint Louis at 6032 E Oktibbeha St, Bay Saint Louis, MS, 39520 offers a 9.6% rental yield on a $144,900 purchase with $1,159/mo rent. Total monthly income registers $1,159/mo, and a $709/mo payment leaves $273/mo available for distribution. Annual cash flow reaches $3,270/yr on $48,034 to close, and return on cash invested stands at 26.72% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 139.33% and total cumulative return in cash at $66,925. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,159/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
4,791 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: Donna H Molina • The Real Estate Co., LLC.
Mls Name: MLS United
Mls ID: #4135318