8009 Double Lake RdPicayuneMS39466
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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 Picayune at 8009 Double Lake Rd, Picayune, MS, 39466 priced at $409,000 converts $1,620/mo rent into after a $2,002/mo obligation. Total monthly income equals $1,620/mo. Return on cash invested prints 12.09% in year one, and rental yield reads 4.75% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 60.83% and total cumulative return in cash sums $82,473. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 8,574 (66.8%) |
| Renter Occupied HU | 2,995 (23.3%) |
| Vacant Housing Units | 1,265 ( 9.9%) |
| Median Home Value | $168,711 |
| Average Home Value | $192,717 |
Housing Distribution
Address Breakdown
Residential
12,018
Single Family
11,375
Multi-Family
643
Businesses
1,020
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Listed by: Annalea Madison • Engel & Volkers Slidell-Mandeville
Mls Name: MLS United
Mls ID: #4109653
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.