497 Northeast AveGulfportMS39507
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
Investment Highlights
Rental property for sale in Gulfport at 497 Northeast Ave, Gulfport, MS, 39507 priced at $144,000 pairs $1,169/mo rent with $253/mo cash flow after a $705/mo payment. Total monthly income equals $1,169/mo, and annual cash flow comes to $3,041/yr on $47,736 invested. Return on cash invested is 26.28% in year one, and rental yield stands at 9.74% on a $144,000 basis. Equity gained on principal adds $929/yr, and 5% annual appreciation accumulates to $39,785 by year five. Five-year ROI measures 137.27% and total cumulative return in cash reaches $65,526. For financing, Ziffy Mortgage’s DSCR program evaluates $1,169/mo property income against a $705/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
6,969 sqft 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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Nearby investment properties with comparable prices
Listed by: Nicole D Nezat • Fidelis Realty, LLC.
Mls Name: MLS United
Mls ID: #4117965
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.