638 26th StGulfportMS39501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 638 26th St, Gulfport, MS, 39501 in Gulfport hard to pass up. The 11.79% gross yield on a $164,500 purchase results in $1,616/mo in rent and $610/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.18). Annual cash flow of $7,317, five-year appreciation of $45,448, and $1,515/yr in equity build-up combine for a projected total cumulative return of $101,550.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 10.0% |
| Monthly Cash Flow | $610 | $850 |
City averages based on Gulfport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,616 |
| Total Monthly Debt Service | $941 |
| DSCR Ratio | 1.72x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
8,276 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1962
8,276 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris G Lain • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4094332
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.