10604 Oak StOcean SpringsMS39565
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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 Ocean Springs at 10604 Oak St, Ocean Springs, MS, 39565 uses $53,040 cash to close to unlock $3,420/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,264/mo, and a $783/mo payment keeps the spread at $285/mo. Purchase price stands at $160,000, and rental yield measures 9.48% with $1,264/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 137.29% and total cumulative return in cash records $72,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,264/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39565, Ocean Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 6,597 (81.3%) |
| Renter Occupied HU | 984 (12.1%) |
| Vacant Housing Units | 536 ( 6.6%) |
| Median Home Value | $257,652 |
| Average Home Value | $265,179 |
Housing Distribution
Address Breakdown
Residential
7,812
Single Family
7,716
Multi-Family
96
Businesses
243
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Listed by: Meg Dengler • Coldwell Banker Alfonso Realty-OS-B/O
Mls Name: MLS United
Mls ID: #4133416