229 Linda Dr,Ocean Springs,MS,39564

Investment Highlights

Investment property for sale in Ocean Springs at 229 Linda Dr, Ocean Springs, MS, 39564 listed at $237,500 pairs $1,620/mo rent with a $1,162/mo payment to leave $167/mo cash flow. Total monthly income runs $1,620/mo, and annual cash flow reaches $2,005/yr on $78,731 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 8.19% at a $237,500 basis. Equity gained on principal adds $1,533/yr, and annual property appreciation at 5% supports $65,617 by year five. Five-year ROI tracks 116.46% and total cumulative return in cash totals $91,689. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,620/mo property income relative to a $1,162/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).