Ionia III B Plan, Swan Ridge,Gulfport,MS,39503

Investment Highlights

Rental property for sale in Gulfport at Ionia III B Plan, Swan Ridge, Gulfport, MS, 39503 priced at $302,990 pairs $2,863/mo rent with $1,009/mo cash flow after a $1,483/mo payment. Total monthly income equals $2,863/mo, and annual cash flow comes to $12,106/yr on $100,441 invested. Return on cash invested is 31.96% in year one, and rental yield stands at 11.34% on a $302,990 basis. Equity gained on principal adds $1,955/yr, and 5% annual appreciation accumulates to $83,711 by year five. Five-year ROI measures 167.37% and total cumulative return in cash reaches $168,111. For financing, Ziffy Mortgage’s DSCR program evaluates $2,863/mo property income against a $1,483/mo payment instead of your W2s, 1099s, or Tax returns.