816 Gladstone StWavelandMS39576
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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
Investment property for sale in Waveland at 816 Gladstone St, Waveland, MS, 39576 earns $769/mo cash flow from $2,321/mo rent with a $1,241/mo payment. Total monthly income totals $2,321/mo, and annual cash flow totals $9,234/yr on $84,035 capital. ROI tracks 30.9% on current figures, and rental yield reads 10.99% at a $253,500 purchase. Equity gained on principal adds $1,636/yr, and 5% annual appreciation supports $70,037 over five years. Five-year ROI reaches 161.68% and total cumulative return in cash sums $135,869. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,321/mo property income instead of your personal income.
Single Family
Built in 2010
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39576, Waveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,513 (100%) |
| Owner Occupied HU | 1,888 (53.7%) |
| Renter Occupied HU | 1,029 (29.3%) |
| Vacant Housing Units | 596 (17.0%) |
| Median Home Value | $240,870 |
| Average Home Value | $289,420 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,730
Multi-Family
320
Businesses
231
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Listed by: Stephanie J Mankiewicz • O'Dwyer Realty-PSC
Mls Name: MLS United
Mls ID: #4120828