117 Armand Oaks #117Ocean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 117 Armand Oaks #117, Ocean Springs, MS, 39564 in Ocean Springs is straightforward: $222,000 in, $1,968/mo in rent, $259/mo out after debt service. The 10.64% gross yield and 1.97 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $61,335 by year five. With $2,045/yr in principal equity, the total cumulative return is projected at $102,395.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.5% |
| Monthly Cash Flow | $259 | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,968 |
| Total Monthly Debt Service | $1,620 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2007
N/A lot
$N/A/sqft
$350 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 2007
N/A lot
$N/A/sqft
$350 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary F Morgan • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4094517
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.