128 Ridgeway DrGulfportMS39507
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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 128 Ridgeway Dr, Gulfport, MS, 39507 uses $56,355 cash to close to unlock $2,973/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,288/mo, and a $832/mo payment keeps the spread at $248/mo. Purchase price stands at $170,000, and rental yield measures 9.09% with $1,288/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 131.06% and total cumulative return in cash records $73,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,288/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39507, Gulfport, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,264 (100%) |
| Owner Occupied HU | 4,470 (48.3%) |
| Renter Occupied HU | 3,423 (36.9%) |
| Vacant Housing Units | 1,371 (14.8%) |
| Median Home Value | $248,747 |
| Average Home Value | $323,470 |
Housing Distribution
Address Breakdown
Residential
8,954
Single Family
6,550
Multi-Family
2,404
Businesses
645
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Listed by: Ashleigh Walli • Real Estate Professionals Of The South, Inc.
Mls Name: MLS United
Mls ID: #4120492