Catalina III J Plan, Oak Landing,Gulfport,MS,39503

Investment Highlights

Rental property for sale in Gulfport at Catalina III J Plan, Oak Landing, Gulfport, MS, 39503 priced at $354,990 converts $2,825/mo rent into $653/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,825/mo, and annual cash flow totals $7,838/yr on $117,679 invested. Return on cash invested prints 26.57% in year one, and rental yield reads 9.55% against a $354,990 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,077 by year five. Five-year ROI reaches 138.5% and total cumulative return in cash sums $162,980. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,825/mo property income covering a $1,738/mo payment, not borrower’s personal income.