1305 Oak StOcean SpringsMS39564
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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 Ocean Springs at 1305 Oak St, Ocean Springs, MS, 39564 offers a 8.21% rental yield on a $205,000 purchase with $1,403/mo rent. Total monthly income registers $1,403/mo, and a $1,003/mo payment leaves $149/mo available for distribution. Annual cash flow reaches $1,786/yr on $67,958 to close, and return on cash invested stands at 22.54% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 116.85% and total cumulative return in cash at $79,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,403/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.26 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Denise L Lawler • Expect Realty
Mls Name: MLS United
Mls ID: #4101267
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.