690 Ridge AveAshlandMS38603
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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
Rental property for sale in Ashland at 690 Ridge Ave, Ashland, MS, 38603 offers $1,350/mo rent that, after a $1,219/mo payment. Total monthly income is $1,350/mo. Return on cash invested measures 17.38% in year one, and rental yield stands at 6.51% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 89.17% and total cumulative return in cash reaches $73,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,350/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38603, Ashland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,538 (100%) |
| Owner Occupied HU | 948 (61.6%) |
| Renter Occupied HU | 169 (11.0%) |
| Vacant Housing Units | 421 (27.4%) |
| Median Home Value | $129,521 |
| Average Home Value | $157,711 |
Housing Distribution
Address Breakdown
Residential
1,338
Single Family
1,338
Multi-Family
0
Businesses
89
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Listed by: Dennis C Rasche • Kaizen Realty
Mls Name: MLS United
Mls ID: #4091659
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.