720 Esplanade DrRidgelandMS39157
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 Ridgeland at 720 Esplanade Dr, Ridgeland, MS, 39157 at $379,000 posts ROI 24.53% with $484/mo cash flow from $2,909/mo rent. Total monthly income equals $2,909/mo, and annual cash flow records $5,807/yr on $125,639 to close. Return on cash invested measures 24.53% and rental yield reads 9.21% at the current $379,000. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,711 by year five. Five-year ROI prints 127.89% and total cumulative return in cash totals $160,679.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,909/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
6,969 sqft 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: Devin Boone • Favor Realty LLC
Mls Name: MLS United
Mls ID: #4115434
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.