608 Larry StRipleyMS38663
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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 Ripley at 608 Larry St, Ripley, MS, 38663 uses $56,521 cash to close to unlock $6,494/yr annual cash flow and $541/mo monthly cash flow. Total monthly income runs $1,585/mo, and a $835/mo payment keeps the spread at $541/mo. Purchase price stands at $170,500, and rental yield measures 11.16% with $1,585/mo rent. Return on cash invested shows 31.4% in year one, and 5% annual appreciation builds toward $47,106 over five years. Five-year ROI reaches 164.43% and total cumulative return in cash records $92,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,585/mo property income covering a $835/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38663, Ripley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,128 (100%) |
| Owner Occupied HU | 3,391 (66.1%) |
| Renter Occupied HU | 1,234 (24.1%) |
| Vacant Housing Units | 503 ( 9.8%) |
| Median Home Value | $149,738 |
| Average Home Value | $175,546 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,815
Multi-Family
47
Businesses
474
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Listed by: N/A • N/A
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