120 Balmoral AveBiloxiMS39531
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 120 Balmoral Ave, Biloxi, MS, 39531 priced at $220,000 converts $1,540/mo rent into $194/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,540/mo, and annual cash flow totals $2,322/yr on $72,930 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 8.4% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 119.85% and total cumulative return in cash sums $87,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.30 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom E Moore • Ashman-Mollere Realty, Inc.
Mls Name: MLS United
Mls ID: #4082802
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.