LOT 21 Gill AveOcean SpringsMS39564
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider LOT 21 Gill Ave, Ocean Springs, MS, 39564 in Ocean Springs. Rental yield 2.59%. At $1,390,000 with 2.59% gross yield, current distributions are modest, but the 5% appreciation rate projects $384,031 in new equity by year five, complemented by $12,802/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.48) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $163,244.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.6% | 6.5% |
| Monthly Cash Flow | $(5,659) | $420 |
City averages based on Ocean Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,998 |
| Total Monthly Debt Service | $8,103 |
| DSCR Ratio | 0.37x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
3,920 sqft lot
$N/A/sqft
$1,800 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
3,920 sqft lot
$N/A/sqft
$1,800 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer L Gill • Blackstone Realty, LLC
Mls Name: MLS United
Mls ID: #4095648
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.