6192 E Quitman StBay Saint LouisMS39520
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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
Rental property for sale in Bay Saint Louis at 6192 E Quitman St, Bay Saint Louis, MS, 39520 generates $804/mo in rent and, after a $504/mo payment, leaves $174/mo in cash flow. Total monthly income is $804/mo, and annual cash flow is $2,086/yr on $34,145 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.37% on a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 135.51% and total cumulative return in cash sums $46,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $804/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.60 Acres 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
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Listed by: Laurri L Garcia • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4073145
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.