649 Iona StDiamondheadMS39525
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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 Diamondhead at 649 Iona St, Diamondhead, MS, 39525 offers $2,201/mo rent that, after a $1,321/mo payment, leaves $549/mo cash flow. Total monthly income is $2,201/mo, and annual cash flow is $6,593/yr on $89,472 cash. Return on cash invested measures 27.28% in year one, and rental yield stands at 9.79% at a $269,900 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,568 by year five. Five-year ROI records 142.29% and total cumulative return in cash reaches $127,314. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,201/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.25 Acres lot
$N/A/sqft
No 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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Listed by: Jessica Russell • GC Realty LLC
Mls Name: MLS United
Mls ID: #4132373