918 Sears AveWavelandMS39576
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 Waveland at 918 Sears Ave, Waveland, MS, 39576 priced at $264,500 pairs $1,860/mo rent with $222/mo cash flow after a $1,295/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $2,659/yr on $87,682 invested. Return on cash invested is 22.94% in year one, and rental yield stands at 8.44% on a $264,500 basis. Equity gained on principal adds $1,707/yr, and 5% annual appreciation accumulates to $73,076 by year five. Five-year ROI measures 119.11% and total cumulative return in cash reaches $104,438. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,295/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.48 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: Beth Liebert • Rosalie Sissy Wood, Broker
Mls Name: MLS United
Mls ID: #4089835
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.