619 Highway 29WigginsMS39577
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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
Investment property for sale in Wiggins at 619 Highway 29, Wiggins, MS, 39577 earns $1,764/mo cash flow from $2,498/mo rent with a $587/mo payment. Total monthly income totals $2,498/mo, and annual cash flow totals $21,170/yr on $39,747 capital. ROI tracks 73.17% on current figures, and rental yield reads 25% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 388.5% and total cumulative return in cash sums $154,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,498/mo property income instead of your personal income.
Single Family
Built in 2004
3.50 Acres 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
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Nearby investment properties with comparable prices
Listed by: April P Cook • Welcome Home Real Estate, Inc.
Mls Name: MLS United
Mls ID: #4130827