129 Everly Cir #28Ocean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 129 Everly Cir #28, Ocean Springs, MS, 39564 in Ocean Springs hard to pass up. The 10.17% gross yield on a $314,990 purchase results in $2,669/mo in rent and $686/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.88). Annual cash flow of $8,230, five-year appreciation of $87,026, and $2,901/yr in equity build-up combine for a projected total cumulative return of $163,758.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.5% |
| Monthly Cash Flow | $686 | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,669 |
| Total Monthly Debt Service | $1,858 |
| DSCR Ratio | 1.44x |
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 2024
7,840 sqft lot
$N/A/sqft
$665 annually 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 2024
7,840 sqft lot
$N/A/sqft
$665 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristin Guthrie • New Home Star Mississippi
Mls Name: MLS United
Mls ID: #4081978
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.