2208 23rd StGulfportMS39501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 2208 23rd St, Gulfport, MS, 39501 in Gulfport is listed at $113,900 and delivers $1,150/mo in rent and $434/mo in net monthly cash flow. The 12.12% yield and 2.25 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $31,468 over five years, and $1,049/yr in principal reduction supplements cash return. Total projected cumulative return: $71,206.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 10.0% |
| Monthly Cash Flow | $434 | $850 |
City averages based on Gulfport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,150 |
| Total Monthly Debt Service | $670 |
| DSCR Ratio | 1.72x |
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.
Multi Family
Built in 1956
4,356 sqft 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
Multi Family
Built in 1956
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: J. Wayne Byars • Cameron Bell Properties, Inc.
Mls Name: MLS United
Mls ID: #4092270
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.