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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
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
Date | Event | Price |
|---|---|---|
| 2024-07-05 | Listed for sale | $100,000 |
| 2024-06-22 | Pending sale | $100,000 |
| 2024-05-25 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1009.39 | N/A | $7,462 | N/A |
| 2022-10-16 | $1009.39 | N/A | $7,462 | -85.00% |
| 2021-10-16 | $1009.39 | 7.41% | $49,749 | 7.42% |
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.
