8899 Ridge RdCaledoniaMS39740
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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 Caledonia at 8899 Ridge Rd, Caledonia, MS, 39740 uses $58,510 cash to close to unlock $4,041/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,417/mo, and a $864/mo payment keeps the spread at $337/mo. Purchase price stands at $176,500, and rental yield measures 9.63% with $1,417/mo rent. Return on cash invested shows 26.82% in year one, and 5% annual appreciation builds toward $48,764 over five years. Five-year ROI reaches 139.81% and total cumulative return in cash records $81,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,417/mo property income covering a $864/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39740, Caledonia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,480 (100%) |
| Owner Occupied HU | 1,855 (74.8%) |
| Renter Occupied HU | 382 (15.4%) |
| Vacant Housing Units | 243 ( 9.8%) |
| Median Home Value | $247,557 |
| Average Home Value | $242,942 |
Housing Distribution
Address Breakdown
Residential
2,228
Single Family
2,228
Multi-Family
0
Businesses
81
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Listed by: Michelle Robbins • CRYE-LEIKE PROPERTIES UNLIMITED
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-403
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.