2204 Shelby LnOcean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2204 Shelby Ln, Ocean Springs, MS, 39564 in Ocean Springs. Priced at $359,900, it generates $3,208/mo in gross rent and $1,005/mo in net monthly cash flow, a 10.69% yield that comfortably supports the 1.98 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $12,062. Five-year appreciation: $99,434. Equity from principal paydown: $3,315/yr. Total projected cumulative return: $201,126.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $1,005 | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,208 |
| Total Monthly Debt Service | $2,059 |
| DSCR Ratio | 1.56x |
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 2004
0.68 Acres lot
$N/A/sqft
No 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 2004
0.68 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly A Wilson • Realty ONE Group Associates
Mls Name: MLS United
Mls ID: #4121733