703 James AveWigginsMS39577
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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
Investment property for sale in Wiggins at 703 James Ave, Wiggins, MS, 39577 uses $52,344 cash to close to unlock $2,791/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,199/mo, and a $773/mo payment keeps the spread at $233/mo. Purchase price stands at $157,900, and rental yield measures 9.11% with $1,199/mo rent. Return on cash invested shows 25.24% in year one, and 5% annual appreciation builds toward $43,625 over five years. Five-year ROI reaches 131.37% and total cumulative return in cash records $68,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,199/mo property income covering a $773/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39577, Wiggins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,145 (68.6%) |
| Renter Occupied HU | 905 (19.7%) |
| Vacant Housing Units | 536 (11.7%) |
| Median Home Value | $171,971 |
| Average Home Value | $212,069 |
Housing Distribution
Address Breakdown
Residential
3,978
Single Family
3,910
Multi-Family
68
Businesses
554
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Listed by: Samantha Mitchell • Blackwater Realty
Mls Name: MLS United
Mls ID: #4089967
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.