128 Lee StBiloxiMS39530
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 128 Lee St, Biloxi, MS, 39530 priced at $750,000 converts $2,711/mo rent into after a $3,671/mo obligation. Total monthly income equals $2,711/mo. Return on cash invested prints 10.92% in year one, and rental yield reads 4.34% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 54.54% and total cumulative return in cash sums $134,586. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,711/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Multi Family
Built in 1987
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim R Bush • Coldwell Banker Alfonso Realty-BIL
Mls Name: MLS United
Mls ID: #4134438