648 Iona CtDiamondheadMS39525
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
Rental property for sale in Diamondhead at 648 Iona Ct, Diamondhead, MS, 39525 priced at $362,000 converts $2,734/mo rent into $268/mo cash flow after a $1,772/mo obligation. Total monthly income equals $2,734/mo, and annual cash flow totals $3,217/yr on $120,003 invested. Return on cash invested prints 22.59% in year one, and rental yield reads 9.06% against a $362,000 entry. Equity gained on principal adds $2,336/yr, while 5% annual appreciation compiles into $100,014 by year five. Five-year ROI reaches 118.07% and total cumulative return in cash sums $141,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,734/mo property income covering a $1,772/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.63 Acres lot
$N/A/sqft
$90 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39525, Diamondhead, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,779 (100%) |
| Owner Occupied HU | 3,869 (81.0%) |
| Renter Occupied HU | 461 ( 9.6%) |
| Vacant Housing Units | 449 ( 9.4%) |
| Median Home Value | $245,548 |
| Average Home Value | $267,598 |
Housing Distribution
Address Breakdown
Residential
4,578
Single Family
4,578
Multi-Family
0
Businesses
224
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Nearby investment properties with comparable prices
Listed by: Jessica Russell • Coldwell Banker Alfonso Realty - DH
Mls Name: MLS United
Mls ID: #4113667
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.