12040 Harmony CirGulfportMS39503
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 12040 Harmony Cir, Gulfport, MS, 39503 in Gulfport. Priced at $209,900, it generates $1,882/mo in gross rent and $552/mo in net monthly cash flow, a 10.76% yield that comfortably supports the 1.99 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,628. Five-year appreciation: $57,992. Equity from principal paydown: $1,933/yr. Total projected cumulative return: $115,342.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 10.0% |
| Monthly Cash Flow | $552 | $850 |
City averages based on Gulfport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,882 |
| Total Monthly Debt Service | $1,246 |
| DSCR Ratio | 1.51x |
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.
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
No 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
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mellissa K Fraiser • eAgent Nexus
Mls Name: MLS United
Mls ID: #4091871
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.