2513 Joan AveGulfportMS39501
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2513 Joan Ave, Gulfport, MS, 39501 in Gulfport is a solid income-producing rental, 8.54% gross yield, $1,622/mo rent, $227/mo net cash flow on a $227,900 buy. DSCR 1.58 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $62,965 and $2,099/yr in principal reduction project a total cumulative return of $100,972.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 10.0% |
| Monthly Cash Flow | $227 | $850 |
City averages based on Gulfport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,622 |
| Total Monthly Debt Service | $1,304 |
| DSCR Ratio | 1.24x |
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.
Single Family
Built in 1931
0.37 Acres 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
Single Family
Built in 1931
0.37 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sue Sunderland • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4100924
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.