661 County Road 424RipleyMS38663
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
Investment property for sale in Ripley at 661 County Road 424, Ripley, MS, 38663 offers a 8.87% rental yield on a $124,900 purchase with $923/mo rent. Total monthly income registers $923/mo, and a $611/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,908/yr on $41,404 to close, and return on cash invested stands at 24.52% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 127.43% and total cumulative return in cash at $52,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $923/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2019
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38663, Ripley, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,128 (100%) |
| Owner Occupied HU | 3,391 (66.1%) |
| Renter Occupied HU | 1,234 (24.1%) |
| Vacant Housing Units | 503 ( 9.8%) |
| Median Home Value | $149,738 |
| Average Home Value | $175,546 |
Housing Distribution
Address Breakdown
Residential
4,862
Single Family
4,815
Multi-Family
47
Businesses
474
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Listed by: Hannah Glidewell • Pioneer Auction & Realty Llc
Mls Name: MLS United
Mls ID: #4130918