3230 Cumberland Rd APT 50,Ocean Springs,MS,39564

Investment Highlights

Investment property for sale in Ocean Springs at 3230 Cumberland Rd APT 50, Ocean Springs, MS, 39564 listed at $114,900 pairs $1,667/mo rent with a $562/mo payment to leave $906/mo cash flow. Total monthly income runs $1,667/mo, and annual cash flow reaches $10,869/yr on $38,089 cash to close. Return on cash invested measures 48.44% in year one, and rental yield registers 17.41% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 256.45% and total cumulative return in cash totals $97,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,667/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).