6166 E Itawamba StBay Saint LouisMS39520
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 Bay Saint Louis at 6166 E Itawamba St, Bay Saint Louis, MS, 39520 generates $1,017/mo in rent and, after a $631/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,017/mo, and annual cash flow is $2,736/yr on $42,764 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.46% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 137.05% and total cumulative return in cash sums $58,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,017/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39520, Bay Saint Louis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,122 (100%) |
| Owner Occupied HU | 4,375 (53.9%) |
| Renter Occupied HU | 2,157 (26.6%) |
| Vacant Housing Units | 1,590 (19.6%) |
| Median Home Value | $228,185 |
| Average Home Value | $286,488 |
Housing Distribution
Address Breakdown
Residential
7,047
Single Family
6,410
Multi-Family
637
Businesses
492
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Mitchell • Blackwater Realty
Mls Name: MLS United
Mls ID: #4094054
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.