490 Springwood CtGulfportMS39507
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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
Investment property for sale in Gulfport at 490 Springwood Ct, Gulfport, MS, 39507 uses $96,135 cash to close to unlock $7,144/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $2,393/mo, and a $1,419/mo payment keeps the spread at $595/mo. Purchase price stands at $290,000, and rental yield measures 9.9% with $2,393/mo rent. Return on cash invested shows 27.34% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 142.73% and total cumulative return in cash records $137,212. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,393/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.25 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: Mary R Phillips • Century 21 J. Carter & Company
Mls Name: MLS United
Mls ID: #4084331
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.