445 Evans AveGulfportMS39507
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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
Investment Highlights
Rental property for sale in Gulfport at 445 Evans Ave, Gulfport, MS, 39507 priced at $250,000 converts $2,130/mo rent into $600/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,130/mo, and annual cash flow totals $7,197/yr on $82,875 invested. Return on cash invested prints 28.59% in year one, and rental yield reads 10.22% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 149.34% and total cumulative return in cash sums $123,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,130/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1998
1.73 Acres 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: Laci Gates • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4127121