806 Herrick AvePascagoulaMS39567
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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 Pascagoula at 806 Herrick Ave, Pascagoula, MS, 39567 generates $1,471/mo in rent and, after a $771/mo payment, leaves $507/mo in cash flow. Total monthly income is $1,471/mo, and annual cash flow is $6,085/yr on $52,211 invested. Return on cash invested sits at 31.56% in year one, and rental yield is 11.21% on a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 165.34% and total cumulative return in cash sums $86,325. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,471/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39567, Pascagoula, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,233 (100%) |
| Owner Occupied HU | 2,621 (50.1%) |
| Renter Occupied HU | 1,836 (35.1%) |
| Vacant Housing Units | 776 (14.8%) |
| Median Home Value | $187,174 |
| Average Home Value | $244,041 |
Housing Distribution
Address Breakdown
Residential
4,567
Single Family
3,838
Multi-Family
729
Businesses
662
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Listed by: Ronnie Stelly • Allied Realty Coastal Homes
Mls Name: MLS United
Mls ID: #4080882
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.