229 Milray LnGulfportMS39507
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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
Investment Highlights
Rental property for sale in Gulfport at 229 Milray Ln, Gulfport, MS, 39507 priced at $130,000 converts $988/mo rent into $159/mo cash flow after a $636/mo obligation. Total monthly income equals $988/mo, and annual cash flow totals $1,905/yr on $43,095 invested. Return on cash invested prints 24.33% in year one, and rental yield reads 9.12% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 126.81% and total cumulative return in cash sums $54,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $988/mo property income covering a $636/mo payment, not borrower’s personal income.
Townhouse
Built in 2010
1,742 sqft lot
$N/A/sqft
No 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
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Listed by: Rebecca Daniels • Rad Real Estate Sales
Mls Name: MLS United
Mls ID: #4101412
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.