617 Peach St

Ocean Springs, MS 39564
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4 bd, 2 ba | 1,820 sqft | Built in 2024

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List Price
$289,000

Initial Investment

$78,753

Purchase Price

$289,000

Down Payment

25%

Rent

$2,030

Total Return

$76,654

Annualized Return

15.0%

Cap Rate

6.0%

Gross Yield

8.4%

Cash Flow

$1,355

Appreciation

4.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,148

HOA

None

Flood Risk

Not Required

Living room and bedroom virtually staged to help you envision the space.
Welcome to your dream home, where you can experience all of the luxuries of Ocean Springs, without all the hustle and bustle! This stunning home custom-built by a local builder is perfectly situated just minutes from the beach, under 10 minutes from the high school, less than 30 minutes from Ingalls, and around 15 minutes from shopping, dining, grocery stores, Singing River Hospital, and the interstate. Plus, it's in an area eligible for 100% USDA financing and not in a flood zone! Through Build & Lock™, the seller is offering a 30 year fixed-rate as low as 5.625% potentially saving HUNDREDS per month (Terms apply, see disclosures for more information).
Inside, you'll find all the modern finishes you've been searching for, including beautiful ceramic wood-looking tile, recessed lighting + ceiling fans, and an open layout ideal for entertaining. The kitchen dazzles with granite countertops, LG appliances, and a walk-in pantry/laundry featuring elegant wood shelving. The spacious primary bedroom offers a walk-in closet and an ensuite bathroom with a dual sink vanity and a stunning tile shower. Three additional bedrooms are tucked away in their own wing, providing privacy and convenience.
Relax beneath the shade of mature trees or take a quick trip to the beach for sun-soaked days! Built with energy efficiency in mind, this brick beauty promises lower utility bills and a greener lifestyle. Don't miss your chance to own this coastal gem—schedule a tour today!

See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$23,142

Expenses

-$3,425

Property Taxes

-$2,650

Loan Payments

-$15,712

Net Cash Flow

$1,355

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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Listing Courtesy of:Cassie Webb
Agent License B23977
Elevate
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4095502
Last Updated: 12/14/2024 16:12
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