938 Pine Grove RdPicayuneMS39466
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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 Picayune at 938 Pine Grove Rd, Picayune, MS, 39466 uses $45,747 cash to close to unlock $6,371/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $1,375/mo, and a $675/mo payment keeps the spread at $531/mo. Purchase price stands at $138,000, and rental yield measures 11.96% with $1,375/mo rent. Return on cash invested shows 33.84% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 177.42% and total cumulative return in cash records $81,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,375/mo property income covering a $675/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39466, Picayune, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 8,574 (66.8%) |
| Renter Occupied HU | 2,995 (23.3%) |
| Vacant Housing Units | 1,265 ( 9.9%) |
| Median Home Value | $168,711 |
| Average Home Value | $192,717 |
Housing Distribution
Address Breakdown
Residential
12,018
Single Family
11,375
Multi-Family
643
Businesses
1,020
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Listed by: Connie E Smith • Compass
Mls Name: MLS United
Mls ID: #4115683