971 Somerset Rd SEBogue ChittoMS39629
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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 Bogue Chitto at 971 Somerset Rd SE, Bogue Chitto, MS, 39629 offers a 2.71% rental yield on a $686,000 purchase with $1,552/mo rent. 99% in year one. Equity gained on principal adds $4,427/yr while 5% annual appreciation supports $189,529 over five years. Portfolio math shows five-year ROI at 28.08% and total cumulative return in cash at $63,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,552/mo property income against a $3,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
116.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39629, Bogue Chitto, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,003 (100%) |
| Owner Occupied HU | 2,185 (72.8%) |
| Renter Occupied HU | 426 (14.2%) |
| Vacant Housing Units | 392 (13.1%) |
| Median Home Value | $169,302 |
| Average Home Value | $172,249 |
Housing Distribution
Address Breakdown
Residential
2,784
Single Family
2,784
Multi-Family
0
Businesses
79
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Listed by: Dennis West • SmallTown Hunting Properties & Real Estate LLC
Mls Name: My State MLS
Mls ID: #11606738