1076 Cherokee StBiloxiMS39530
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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
Investment Highlights
Investment property for sale in Biloxi at 1076 Cherokee St, Biloxi, MS, 39530 uses $53,007 cash to close to unlock $3,397/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,262/mo, and a $783/mo payment keeps the spread at $283/mo. Purchase price stands at $159,900, and rental yield measures 9.47% with $1,262/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 137.2% and total cumulative return in cash records $72,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,262/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39530, Biloxi, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,570 (100%) |
| Owner Occupied HU | 1,859 (40.7%) |
| Renter Occupied HU | 1,890 (41.4%) |
| Vacant Housing Units | 821 (18.0%) |
| Median Home Value | $184,217 |
| Average Home Value | $250,336 |
Housing Distribution
Address Breakdown
Residential
3,959
Single Family
3,432
Multi-Family
527
Businesses
526
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Listed by: Darin J King • Shoreline Realty, LLC
Mls Name: MLS United
Mls ID: #4128309