124 Spanish Cove Dr, Ocean Springs, MS, 39564 | $92/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ocean Springs at 124 Spanish Cove Dr, Ocean Springs, MS, 39564 priced at $400,000 pairs $2,540/mo rent with $92/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,540/mo, and annual cash flow comes to $1,104/yr on $132,600 invested. Return on cash invested is 20.74% in year one, and rental yield stands at 7.62% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 107.21% and total cumulative return in cash reaches $142,156. For financing, Ziffy Mortgage’s DSCR program evaluates $2,540/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2021

10,454 sqft lot

$N/A/sqft

No HOA