8042 Hancock DrBay Saint LouisMS39520
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 Bay Saint Louis at 8042 Hancock Dr, Bay Saint Louis, MS, 39520 offers $901/mo rent that, after a $587/mo payment, leaves $167/mo cash flow. Total monthly income is $901/mo, and annual cash flow is $2,004/yr on $39,780 cash. Return on cash invested measures 24.95% in year one, and rental yield stands at 9.01% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 129.76% and total cumulative return in cash reaches $51,619. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $901/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39520, Bay Saint Louis, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,122 (100%) |
| Owner Occupied HU | 4,375 (53.9%) |
| Renter Occupied HU | 2,157 (26.6%) |
| Vacant Housing Units | 1,590 (19.6%) |
| Median Home Value | $228,185 |
| Average Home Value | $286,488 |
Housing Distribution
Address Breakdown
Residential
7,047
Single Family
6,410
Multi-Family
637
Businesses
492
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Listed by: Lindsey L Richard • Coldwell Banker Alfonso Realty-BSL
Mls Name: MLS United
Mls ID: #4088972
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.