12035 Schooner CvBiloxiMS39532
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 12035 Schooner Cv, Biloxi, MS, 39532 generates $2,248/mo in rent and, after a $1,708/mo payment, leaves $112/mo in cash flow. Total monthly income is $2,248/mo, and annual cash flow is $1,350/yr on $115,694 invested. Return on cash invested sits at 21.08% in year one, and rental yield is 7.73% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 109.02% and total cumulative return in cash sums $126,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,248/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
8,276 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer S Dalgo • RE/MAX Results In Real Estate, Inc.
Mls Name: MLS United
Mls ID: #4113116