723 Wildcat Bottom RdRed BanksMS38661
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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 Red Banks at 723 Wildcat Bottom Rd, Red Banks, MS, 38661 uses $89,505 cash to close to unlock $1,275/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,759/mo, and a $1,322/mo payment keeps the spread at $106/mo. Purchase price stands at $270,000, and rental yield measures 7.82% with $1,759/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 110.42% and total cumulative return in cash records $98,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,759/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38661, Red Banks, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 635 (77.2%) |
| Renter Occupied HU | 88 (10.7%) |
| Vacant Housing Units | 100 (12.2%) |
| Median Home Value | $236,983 |
| Average Home Value | $273,189 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
815
Multi-Family
0
Businesses
27
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Listed by: Courtney C McClatchy • Burch Realty Group
Mls Name: MLS United
Mls ID: #4089637
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.