80 Buggs RdMichigan CityMS38647
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
Rental property for sale in Michigan City at 80 Buggs Rd, Michigan City, MS, 38647 priced at $115,000 pairs $912/mo rent with $208/mo cash flow after a $563/mo payment. Total monthly income equals $912/mo, and annual cash flow comes to $2,497/yr on $38,123 invested. Return on cash invested is 26.46% in year one, and rental yield stands at 9.52% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 138.02% and total cumulative return in cash reaches $52,617. For financing, Ziffy Mortgage’s DSCR program evaluates $912/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38647, Michigan City, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 383 (72.1%) |
| Renter Occupied HU | 70 (13.2%) |
| Vacant Housing Units | 78 (14.7%) |
| Median Home Value | $110,938 |
| Average Home Value | $113,492 |
Housing Distribution
Address Breakdown
Residential
529
Single Family
529
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yolanda R Gatewood • Bespoke Realty
Mls Name: MLS United
Mls ID: #4097394
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.