611 McIlwain DrWaynesboroMS39367
Nearby investment properties with comparable rents
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 Waynesboro at 611 McIlwain Dr, Waynesboro, MS, 39367 priced at $146,100 converts $1,451/mo rent into $557/mo cash flow after a $715/mo obligation. Total monthly income equals $1,451/mo, and annual cash flow totals $6,684/yr on $48,432 invested. Return on cash invested prints 33.71% in year one, and rental yield reads 11.92% against a $146,100 entry. Equity gained on principal adds $943/yr, while 5% annual appreciation compiles into $40,365 by year five. Five-year ROI reaches 176.87% and total cumulative return in cash sums $85,661. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,451/mo property income covering a $715/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39367, Waynesboro, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,572 (100%) |
| Owner Occupied HU | 4,620 (70.3%) |
| Renter Occupied HU | 1,186 (18.0%) |
| Vacant Housing Units | 766 (11.7%) |
| Median Home Value | $134,262 |
| Average Home Value | $167,075 |
Housing Distribution
Address Breakdown
Residential
6,209
Single Family
6,039
Multi-Family
170
Businesses
620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A