2205 Magazine St,Ocean Springs,MS,39564

Investment Highlights

Investment property for sale in Ocean Springs at 2205 Magazine St, Ocean Springs, MS, 39564 listed at $234,000 pairs $1,687/mo rent with a $1,145/mo payment to leave $255/mo cash flow. Total monthly income runs $1,687/mo, and annual cash flow reaches $3,064/yr on $77,571 cash to close. Return on cash invested measures 23.86% in year one, and rental yield registers 8.65% at a $234,000 basis. Equity gained on principal adds $1,510/yr, and annual property appreciation at 5% supports $64,650 by year five. Five-year ROI tracks 123.96% and total cumulative return in cash totals $96,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,687/mo property income relative to a $1,145/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).