701 Carroll St, Picayune, MS, 39466 | 7.29% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Picayune at 701 Carroll St, Picayune, MS, 39466 generates $1,670/mo in rent, after a $1,346/mo payment. Total monthly income is $1,670/mo. Return on cash invested sits at 18.17% in year one, and rental yield is 7.29% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 93.98% and total cumulative return in cash sums $85,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,670/mo property income rather than buyer’s personal income.

Multi Family

Built in 2009

0.35 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,834 (100%)
Owner Occupied HU	8,574 (66.8%)
Renter Occupied HU	2,995 (23.3%)
Vacant Housing Units	1,265 ( 9.9%)
Median Home Value	$168,711
Average Home Value	$192,717