17012 Spring Lake Dr EVancleaveMS39565
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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 Vancleave at 17012 Spring Lake Dr E, Vancleave, MS, 39565 listed at $379,000 pairs $3,155/mo rent with a $1,855/mo payment to leave $836/mo cash flow. Total monthly income runs $3,155/mo, and annual cash flow reaches $10,029/yr on $125,639 cash to close. Return on cash invested measures 27.89% in year one, and rental yield registers 9.99% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Five-year ROI tracks 145.55% and total cumulative return in cash totals $182,867. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,155/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39565, Ocean Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 6,597 (81.3%) |
| Renter Occupied HU | 984 (12.1%) |
| Vacant Housing Units | 536 ( 6.6%) |
| Median Home Value | $257,652 |
| Average Home Value | $265,179 |
Housing Distribution
Address Breakdown
Residential
7,812
Single Family
7,716
Multi-Family
96
Businesses
243
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Listed by: Frances J Galle' • Compass Realty, LLC.
Mls Name: MLS United
Mls ID: #4089684
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.