2421 Beach View Dr #F02Ocean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 2421 Beach View Dr #F02, Ocean Springs, MS, 39564 in Ocean Springs is listed at $239,999 and delivers $2,304/mo in rent and $335/mo in net monthly cash flow. The 11.52% yield and 2.14 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 $66,307 over five years, and $2,210/yr in principal reduction supplements cash return. Total projected cumulative return: $114,689.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.5% |
| Monthly Cash Flow | $335 | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,304 |
| Total Monthly Debt Service | $1,873 |
| DSCR Ratio | 1.23x |
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.
Condo
Built in 1990
N/A lot
$N/A/sqft
$500 monthly 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
Condo
Built in 1990
N/A lot
$N/A/sqft
$500 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terrie Price • Coldwell Banker Alfonso Realty-OS-B/O
Mls Name: MLS United
Mls ID: #4101959
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.