3230 Cumberland Rd APT 9Ocean SpringsMS39564
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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 Ocean Springs at 3230 Cumberland Rd APT 9, Ocean Springs, MS, 39564 generates $1,002/mo in rent, after a $641/mo payment. Total monthly income is $1,002/mo. Return on cash invested sits at 12.71% in year one, and rental yield is 9.19% on a $130,900 entry. Equity gained on principal adds $845/yr, while 5% annual appreciation builds toward $36,165 over five years. Five-year ROI reaches 68.8% and total cumulative return in cash sums $29,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,002/mo property income rather than buyer’s personal income.
Condo
Built in 1972
435.60 sqft lot
$N/A/sqft
$410 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Monique C Ward • A & W Associates
Mls Name: MLS United
Mls ID: #4079797
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.