828 Oakleigh Ave APT 3GulfportMS39507
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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
Rental property for sale in Gulfport at 828 Oakleigh Ave APT 3, Gulfport, MS, 39507 priced at $105,000 converts $793/mo rent into after a $514/mo obligation. Total monthly income equals $793/mo. Return on cash invested prints 16.47% in year one, and rental yield reads 9.06% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 87.54% and total cumulative return in cash sums $30,470. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $793/mo property income covering a $514/mo payment, not borrower’s personal income.
Condo
Built in 1998
1.52 Acres lot
$N/A/sqft
$250 monthly 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: Erin L Valencia Jermyn • NextHome Simplicity (BOF)
Mls Name: MLS United
Mls ID: #4099372
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.