614 W 2nd AveWigginsMS39577
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
Investment property for sale in Wiggins at 614 W 2nd Ave, Wiggins, MS, 39577 offers a 9.51% rental yield on a $139,000 purchase with $1,102/mo rent. Total monthly income registers $1,102/mo, and a $680/mo payment leaves $252/mo available for distribution. Annual cash flow reaches $3,021/yr on $46,079 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 137.94% and total cumulative return in cash at $63,560. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,102/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica F Lee • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4137097