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$249,000

For Sale - Active
2016 19th Ave, Gulfport, MS 39501
4 Beds
2 Baths
0 Square Feet
0.26 Acres Lot
Built in 1940
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 31, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
$57
Cap Rate
6.0%
Cash-on-Cash Return
1.2%
Debt Coverage Ratio
1.05
Internal Rate of Return (5 years)
5.2%

Property Description


0.26 Acres Lot
Built in 1940
For Sale - Active
Units n/a

Welcome to your dream home at 2016 19th Avenue, Gulfport, MS! This charming, move-in-ready residence offers the perfect blend of modern comfort and coastal charm. Nestled in a vibrant Gulfport neighborhood, this lovely home boasts 4 spacious bedrooms, 2 updated bathrooms, and an open-concept living area filled with natural light. The modern kitchen features sleek stainless steel appliances,, and ample cabinetry, perfect for home chefs and entertainers alike. Step outside to a beautifully landscaped backyard oasis, ideal for relaxing or hosting gatherings with friends and family. With a prime location just minutes from Gulfport's stunning beaches, local dining, shopping, and entertainment, this home offers the best of coastal living. Additional highlights include fresh paint, updated flooring, double carport, and storage building. Don't miss this opportunity to own a slice of Gulfport paradise! Schedule a showing today and experience the warmth and beauty of 2016 19th Avenue for yourself. Perfect for first-time buyers, growing families, or those seeking a serene retreat near the Gulf Coast. Close to casinos, the Gulfcoast and beaches. Downtown entertainment and dinning and entertainment. Fishing, swimming, golfing, tennis, close to airport. Outlet Mall.

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Location


Property Details


Parking

  • Details: Driveway, Lighted, On Street
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Exterior Features

  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0811G05042.000
  • Lot Size: 11325 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1940

Tax Information

  • Annual Tax: $82

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Harrison

Listing Details


Listed by:
Michelle L Wood
Latitude Realty, LLC
(228) 234-8776

Source:
MLS United
MLS#: 4123282
MLS United

Investment Summary


Monthly Cash Flow
$57
Cap Rate
6.0%
Cash-on-Cash Return
1.2%
Debt Coverage Ratio
1.05
Internal Rate of Return (5 years)
5.2%

Purchase Details

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Purchase price:
$249,000
Amount financed:
-$199,200
Down payment:
$49,800
Closing costs:
$7,470
Rehab costs:
$0
Initial cash invested:
$57,270
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$199,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,178
Property tax:
$7
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,311

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (0%)
0%-$7-$82
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$457-$5,482

Cash Flow


Monthly Yearly
Net operating income:
$1,235 $14,820
Mortgage payments:
-$1,178 -$14,136
Cash flow:
$57 $684