1302 Magnolia St #A101GulfportMS39507
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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 1302 Magnolia St #A101, Gulfport, MS, 39507 uses $120,998 cash to close to unlock $15,419/yr annual cash flow and $1,285/mo monthly cash flow. Total monthly income runs $3,518/mo, and a $1,786/mo payment keeps the spread at $1,285/mo. Purchase price stands at $365,000, and rental yield measures 11.57% with $3,518/mo rent. Return on cash invested shows 32.65% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 171.07% and total cumulative return in cash records $206,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,518/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A 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: Louis Peterman • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4117353