625 Ridgeland CirNew AlbanyMS38652
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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 New Albany at 625 Ridgeland Cir, New Albany, MS, 38652 priced at $239,000 pairs $1,534/mo rent with $71/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,534/mo, and annual cash flow comes to $855/yr on $79,229 invested. Return on cash invested is 20.99% in year one, and rental yield stands at 7.7% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 108.58% and total cumulative return in cash reaches $86,028. For financing, Ziffy Mortgage’s DSCR program evaluates $1,534/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: Rachel Ray • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls ID: #25-2876