818 Handy AveOcean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play818 Handy Ave, Ocean Springs, MS, 39564 in Ocean Springs is priced for appreciation, not yield. Rental yield 5.8%. At $425,000 with a 5.8% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $117,420 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.02) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $117,793.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 6.5% |
| Monthly Cash Flow | $(548) | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,053 |
| Total Monthly Debt Service | $2,535 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
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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
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Listed by: Lauren E Panasuk • Keller Williams
Mls Name: MLS United
Mls ID: #4127639
