8 Ridgeway PlClintonMS39056
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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
Rental property for sale in Clinton at 8 Ridgeway Pl, Clinton, MS, 39056 generates $1,501/mo in rent and, after a $978/mo payment, leaves $278/mo in cash flow. Total monthly income is $1,501/mo, and annual cash flow is $3,337/yr on $66,267 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 9.01% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash sums $86,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,501/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39056, Clinton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,355 (100%) |
| Owner Occupied HU | 7,727 (68.0%) |
| Renter Occupied HU | 2,851 (25.1%) |
| Vacant Housing Units | 777 ( 6.8%) |
| Median Home Value | $239,627 |
| Average Home Value | $269,548 |
Housing Distribution
Address Breakdown
Residential
11,395
Single Family
9,741
Multi-Family
1,654
Businesses
665
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Listed by: Ryan Porter • NextHome Realty Experience
Mls Name: MLS United
Mls ID: #4094590
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.