11340 River Oaks DrBiloxiMS39532
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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 11340 River Oaks Dr, Biloxi, MS, 39532 offers a 10.21% rental yield on a $420,000 purchase with $3,575/mo rent. Total monthly income registers $3,575/mo, and a $2,056/mo payment leaves $1,005/mo available for distribution. Annual cash flow reaches $12,054/yr on $139,230 to close, and return on cash invested stands at 28.57% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 149.19% and total cumulative return in cash at $207,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,575/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39532, Biloxi, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,017 (100%) |
| Owner Occupied HU | 9,809 (61.2%) |
| Renter Occupied HU | 5,072 (31.7%) |
| Vacant Housing Units | 1,136 ( 7.1%) |
| Median Home Value | $274,646 |
| Average Home Value | $326,970 |
Housing Distribution
Address Breakdown
Residential
15,395
Single Family
13,067
Multi-Family
2,328
Businesses
575
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Listed by: Teresa M Wieck • Compass Realty, LLC.
Mls Name: MLS United
Mls ID: #4091892
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.