1916 2nd St APT 3GulfportMS39501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 10.51% yield at 1916 2nd St APT 3, Gulfport, MS, 39501 in Gulfport is solid, but the $719/mo payment compresses net cash flow to $47/mo at $160,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $44,205 by year five, and $1,474/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.95) without U.S. income documentation. Total projected return: $65,356.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 10.0% |
| Monthly Cash Flow | $47 | $850 |
City averages based on Gulfport market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,402 |
| Total Monthly Debt Service | $1,290 |
| DSCR Ratio | 1.09x |
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.
Condo
Built in 1983
8,712 sqft lot
$N/A/sqft
$375 monthly 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
Condo
Built in 1983
8,712 sqft lot
$N/A/sqft
$375 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sue S Durbin • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4088112
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.