2808 Hickory Ln,Ocean Springs,MS,39564

Investment Highlights

Investment property for sale in Ocean Springs at 2808 Hickory Ln, Ocean Springs, MS, 39564 listed at $279,000 pairs $1,960/mo rent with a $1,366/mo payment to leave $252/mo cash flow. Total monthly income runs $1,960/mo, and annual cash flow reaches $3,027/yr on $92,489 cash to close. Return on cash invested measures 23.18% in year one, and rental yield registers 8.43% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 120.35% and total cumulative return in cash totals $111,307. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,960/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).