3 40th StGulfportMS39507
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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 3 40th St, Gulfport, MS, 39507 generates $1,565/mo in rent and, after a $1,089/mo payment, leaves $203/mo in cash flow. Total monthly income is $1,565/mo, and annual cash flow is $2,441/yr on $73,759 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 8.44% on a $222,500 entry. Equity gained on principal adds $1,436/yr, while 5% annual appreciation builds toward $61,473 over five years. Five-year ROI reaches 120.53% and total cumulative return in cash sums $88,900. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,565/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
8,712 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: Jona S White • RE/MAX Results In Real Estate, Inc.
Mls Name: MLS United
Mls ID: #4094941
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.