709 Halstead RdOcean 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
Investment property for sale in Ocean Springs at 709 Halstead Rd, Ocean Springs, MS, 39564 offers a 9.21% rental yield on a $175,000 purchase with $1,343/mo rent. Total monthly income registers $1,343/mo, and a $857/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,259/yr on $58,013 to close, and return on cash invested stands at 25.53% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 132.91% and total cumulative return in cash at $77,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,343/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Keisha Harper • EXIT Magnolia Coast Realty
Mls Name: MLS United
Mls ID: #4088022
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.