62 Breakers LnRidgelandMS39157
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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 Ridgeland at 62 Breakers Ln, Ridgeland, MS, 39157 at $395,000 posts ROI 17.49% with from $2,153/mo rent. Total monthly income equals $2,153/mo. Return on cash invested measures 17.49% and rental yield reads 6.54% at the current $395,000. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 by year five. Five-year ROI prints 89.81% and total cumulative return in cash totals $117,594. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,153/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1983
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Terri Posey • Maselle & Associates Inc
Mls Name: MLS United
Mls ID: #4119143