12028 Carnegie AveGulfportMS39503
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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 Gulfport at 12028 Carnegie Ave, Gulfport, MS, 39503 offers a 10.29% rental yield on a $238,000 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,165/mo payment leaves $486/mo available for distribution. Annual cash flow reaches $5,838/yr on $78,897 to close, and return on cash invested stands at 27.31% in year one. Equity gained on principal adds $1,536/yr while 5% annual appreciation supports $65,755 over five years. Portfolio math shows five-year ROI at 142.98% and total cumulative return in cash at $112,810. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,165/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Jim Wheeler • Landmark Properties-Wheeler & Assoc., Inc.
Mls Name: MLS United
Mls ID: #4093258
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.