2252 Beach Dr APT 1503GulfportMS39507
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2252 Beach Dr APT 1503, Gulfport, MS, 39507 in Gulfport carries a 1.58 coverage ratio, rent of $1,834/mo is 1.58 times the $1,160/mo payment. Rental yield 8.53%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $258,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $71,281; total projected cumulative return: $81,540.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 10.0% |
| Monthly Cash Flow | $(289) | $850 |
City averages based on Gulfport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,834 |
| Total Monthly Debt Service | $2,020 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2001
N/A lot
$N/A/sqft
$544 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39507, Gulfport, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,264 (100%) |
| Owner Occupied HU | 4,470 (48.3%) |
| Renter Occupied HU | 3,423 (36.9%) |
| Vacant Housing Units | 1,371 (14.8%) |
| Median Home Value | $248,747 |
| Average Home Value | $323,470 |
Housing Distribution
Address Breakdown
Residential
8,954
Single Family
6,550
Multi-Family
2,404
Businesses
645
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 2001
N/A lot
$N/A/sqft
$544 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39507, Gulfport, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,264 (100%) |
| Owner Occupied HU | 4,470 (48.3%) |
| Renter Occupied HU | 3,423 (36.9%) |
| Vacant Housing Units | 1,371 (14.8%) |
| Median Home Value | $248,747 |
| Average Home Value | $323,470 |
Housing Distribution
Address Breakdown
Residential
8,954
Single Family
6,550
Multi-Family
2,404
Businesses
645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacey L Dunn • Dunn Deal Properties & Vacation Rentals, LLC
Mls Name: MLS United
Mls ID: #4100780
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.