114 Ethel Cir #13Ocean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 114 Ethel Cir #13, Ocean Springs, MS, 39564 in Ocean Springs achieves 1.62, rent of $1,784/mo covers the $1,102/mo payment 1.5x over at $245,000. Rental yield 8.74%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $67,689 over five years, with $2,256/yr in principal reduction bringing total projected return to $81,184.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.5% |
| Monthly Cash Flow | $(214) | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,784 |
| Total Monthly Debt Service | $1,901 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1969
N/A lot
$N/A/sqft
$499 monthly HOA
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
Condo
Built in 1969
N/A lot
$N/A/sqft
$499 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christie A Watson • Weichert Rltrs-Gulf Properties
Mls Name: MLS United
Mls ID: #4117034
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.