703 Northlake AveRidgelandMS39157
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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 Ridgeland at 703 Northlake Ave, Ridgeland, MS, 39157 with 5% annual appreciation on a $475,000 basis while $3,233/mo rent supports operations. Total monthly income totals $3,233/mo and a $2,325/mo payment preserves $326/mo for cash returns. Annual cash flow comes to $3,913/yr on $157,463 deployed, and return on cash invested reaches 22.39% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 8.17%. Five-year ROI measures 116.09% and total cumulative return in cash totals $182,803.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,233/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2007
2,587 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: mu.rets.5270 • Chad Tompkins Real Estate LLC
Mls Name: MLS United
Mls ID: #4110162
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.