Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$242,900

For Sale - Active
2421 Beachview Dr Apt F16, Ocean Springs, MS 39564
2 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1990
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 22, 2025 at 08:53AM

Investment Summary


Monthly Cash Flow
-$607
Cap Rate
2.7%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.6%

Property Description


0.00 Acres Lot
Built in 1990
For Sale - Active
Units n/a

***MOTIVATED SELLER***Priced to sell!!***This beautifully updated and furnished waterfront condo with boat slip equipped with BOAT LIFT is now on the market! This sleek and modern condo with all windows replaced April 2024 offers a luxurious lifestyle with stunning waterfront views without the luxurious price. The interior boasts all-new granite countertops, stainless steel appliances, and fresh flooring throughout. Each bathroom is upgraded with brand-new vanities, ensuring style and functionality. The condo includes an attached carport deep enough for 2 cars for added convenience. A must see! *Short term rental approved* This is your affordable waterfront furnished condo with designated boat slip on the coast! Don't miss this one! Indulge in the gated community's exceptional amenities, including a saltwater pool, hot tub, fitness center, clubhouse for gatherings, and a dedicated fishing cleaning station. Additional features include a commercial ice machine, a dog park, and beautifully landscaped grounds. Experience refined living at its finest! HOA covers water, Wi-Fi and trash. Boat slip has water and electricity

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Attached, Carport, On Site
  • Details: Attached, Carport, On Site
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Asphalt
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $500/monthly

Land Information

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

Lot Information

  • Parcel ID: 05420074.000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1990

Tax Information

  • Annual Tax: $1,566

Utilities

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

Location

  • County: Jackson

Listing Details


Listed by:
Jeannel Hudgins
Weichert Rltrs-Gulf Properties
(228) 327-7374

Source:
MLS United
MLS#: 4110871
MLS United

Investment Summary


Monthly Cash Flow
-$607
Cap Rate
2.7%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.6%

Purchase Details

Find an Agent

Purchase price:
$242,900
Amount financed:
-$194,320
Down payment:
$48,580
Closing costs:
$7,287
Rehab costs:
$0
Initial cash invested:
$55,867
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$194,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,149
Property tax:
$131
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,399

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$131-$1,566
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (29%)
29%-$500-$6,000
Total operating expenses: (62%)
62%-$1,056-$12,666

Cash Flow


Monthly Yearly
Net operating income:
$542 $6,504
Mortgage payments:
-$1,149 -$13,788
Cash flow:
$607 $7,284