28 E Park StGulfportMS39507
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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
Investment Highlights
Investment property for sale in Gulfport at 28 E Park St, Gulfport, MS, 39507 offers a 9.4% rental yield on a $154,000 purchase with $1,206/mo rent. Total monthly income registers $1,206/mo, and a $754/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,160/yr on $51,051 to close, and return on cash invested stands at 26.1% in year one. Equity gained on principal adds $994/yr while 5% annual appreciation supports $42,547 over five years. Portfolio math shows five-year ROI at 136.01% and total cumulative return in cash at $69,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,206/mo property income against a $754/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
9,147 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: Amy Mosher • RE/MAX Real Estate Partners
Mls Name: MLS United
Mls ID: #4089427
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.