611 Berridge DrRidgelandMS39157
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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 611 Berridge Dr, Ridgeland, MS, 39157 generates $3,597/mo in rent and, after a $2,168/mo payment, leaves $886/mo in cash flow. Total monthly income is $3,597/mo, and annual cash flow is $10,636/yr on $146,855 invested. Return on cash invested sits at 27.15% in year one, and rental yield is 9.74% on a $443,000 entry. Equity gained on principal adds $2,859/yr, while 5% annual appreciation builds toward $122,393 over five years. Five-year ROI reaches 141.6% and total cumulative return in cash sums $207,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,597/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.27 Acres 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: Loretta D Martello • Front Gate Realty LLC
Mls Name: MLS United
Mls ID: #4113220