Mitchell Plan, The Townes at RidgecrestByhaliaMS38611
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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
Rental property for sale in Byhalia at Mitchell Plan, The Townes at Ridgecrest, Byhalia, MS, 38611 priced at $255,990 converts $1,800/mo rent into $233/mo cash flow after a $1,253/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $2,801/yr on $84,861 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 8.44% against a $255,990 entry. Equity gained on principal adds $1,652/yr, while 5% annual appreciation compiles into $70,725 by year five. Five-year ROI reaches 120.49% and total cumulative return in cash sums $102,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,253/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38611, Byhalia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,824 (100%) |
| Owner Occupied HU | 5,592 (71.5%) |
| Renter Occupied HU | 1,104 (14.1%) |
| Vacant Housing Units | 1,128 (14.4%) |
| Median Home Value | $237,625 |
| Average Home Value | $262,857 |
Housing Distribution
Address Breakdown
Residential
7,121
Single Family
7,032
Multi-Family
89
Businesses
350
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A