606 Waveland AveWavelandMS39576
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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 Waveland at 606 Waveland Ave, Waveland, MS, 39576 priced at $368,508 converts $1,855/mo rent into after a $1,804/mo obligation. Total monthly income equals $1,855/mo. Return on cash invested prints 15.98% in year one, and rental yield reads 6.04% against a $368,508 entry. Equity gained on principal adds $2,378/yr, while 5% annual appreciation compiles into $101,812 by year five. Five-year ROI reaches 81.67% and total cumulative return in cash sums $99,773. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,855/mo property income covering a $1,804/mo payment, not borrower’s personal income.
Single Family
Built in 1964
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Listed by: Vicki R Estapa • HL Raymond Properties, LLC
Mls Name: MLS United
Mls ID: #4096027
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.