617 Windward LnRichlandMS39218
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 Richland at 617 Windward Ln, Richland, MS, 39218 uses $92,489 cash to close to unlock $3,255/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,366/mo payment keeps the spread at $271/mo. Purchase price stands at $279,000, and rental yield measures 8.51% with $1,979/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 121.66% and total cumulative return in cash records $112,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39218, Richland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,787 (64.0%) |
| Renter Occupied HU | 773 (27.7%) |
| Vacant Housing Units | 233 ( 8.3%) |
| Median Home Value | $169,424 |
| Average Home Value | $194,079 |
Housing Distribution
Address Breakdown
Residential
2,965
Single Family
2,261
Multi-Family
704
Businesses
526
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Listed by: Jake Clarke • NuWay Realty MS
Mls Name: MLS United
Mls ID: #4091903
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.