3230 Cumberland Rd APT 31Ocean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3230 Cumberland Rd APT 31, Ocean Springs, MS, 39564 in Ocean Springs carries a 1.72 coverage ratio, rent of $995/mo is 1.72 times the $580/mo payment. Rental yield 9.26%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $129,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $35,640; total projected cumulative return: $30,792.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $(316) | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $995 |
| Total Monthly Debt Service | $1,260 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1972
N/A lot
$N/A/sqft
$488 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 1972
N/A lot
$N/A/sqft
$488 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy J Zirlott • Real Management, LLC
Mls Name: MLS United
Mls ID: #4097421
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.