111 Grande View DrBiloxiMS39531
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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
Rental property for sale in Biloxi at 111 Grande View Dr, Biloxi, MS, 39531 priced at $650,000 converts $3,772/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,772/mo. Return on cash invested prints 18.68% in year one, and rental yield reads 6.96% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 96.23% and total cumulative return in cash sums $205,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,772/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 2023
5,227 sqft lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39531, Biloxi, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,384 (100%) |
| Owner Occupied HU | 3,237 (31.2%) |
| Renter Occupied HU | 5,546 (53.4%) |
| Vacant Housing Units | 1,601 (15.4%) |
| Median Home Value | $243,911 |
| Average Home Value | $297,810 |
Housing Distribution
Address Breakdown
Residential
9,357
Single Family
6,023
Multi-Family
3,334
Businesses
660
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Listed by: Misty Pounds • New Horizons Realty, Inc.
Mls Name: MLS United
Mls ID: #4100127
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.