114 Ethel Cir #38, Ocean Springs, MS, 39564 | $687/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ocean Springs at 114 Ethel Cir #38, Ocean Springs, MS, 39564 uses $62,156 cash to close to unlock $8,248/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $1,835/mo, and a $918/mo payment keeps the spread at $687/mo. Purchase price stands at $187,500, and rental yield measures 11.74% with $1,835/mo rent. Return on cash invested shows 33.18% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 173.96% and total cumulative return in cash records $108,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,835/mo property income covering a $918/mo payment rather than investor’s personal income.

Condo

Built in 1969

N/A lot

$N/A/sqft

No HOA