1232 37th AveGulfportMS39501
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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
Rental property for sale in Gulfport at 1232 37th Ave, Gulfport, MS, 39501 generates $759/mo in rent and, after a $489/mo payment, leaves $119/mo in cash flow. Total monthly income is $759/mo, and annual cash flow is $1,431/yr on $33,150 invested. Return on cash invested sits at 24.23% in year one, and rental yield is 9.11% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 126.42% and total cumulative return in cash sums $41,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $759/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Philip J Leblanc • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4080748
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.