508 Woodward Dr

Ocean Springs, MS 39564
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4 bd, 2 ba | 1,595 sqft | Built in 1998

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List Price
$246,000

Initial Investment

$67,035

Purchase Price

$246,000

Down Payment

25%

Rent

$1,900

Total Return

$70,392

Annualized Return

16.2%

Cap Rate

6.7%

Gross Yield

9.3%

Cash Flow

$2,123

Appreciation

4.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,405

HOA

None

Flood Risk

Not Required

NO Flood insurance is REQUIRED in this charming 4 bedroom 2 bathroom gem!! It is located just minutes from downtown, shopping centers, restaurants and more! This property offers the perfect blend of tranquility and convenience. Bring your vision to life in this fully fenced backyard with plenty of space, ideal for a pool, outdoor kitchen, garden oasis, you name it! Don't miss out on the opportunity to make this home YOURS!! -- Schedule your showing today!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$21,660

Expenses

-$3,914

Property Taxes

-$2,250

Loan Payments

-$13,374

Net Cash Flow

$2,123

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Similar Listings



Listing Courtesy of:Lourdes Paniagua
Agent License S60416
Coldwell Banker Smith Home Rltrs-Gautier
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4106837
Last Updated: 03/15/2025 21:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.