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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Biloxi at 13084 Michael St, Biloxi, MS, 39532 listed at $100,000 pairs $761/mo rent with a $489/mo payment to leave $137/mo cash flow. Total monthly income runs $761/mo, and annual cash flow reaches $1,646/yr on $33,150 cash to close. Return on cash invested measures 24.87% in year one, and rental yield registers 9.13% at a $100,000 basis. Equity gained on principal adds $645/yr, and annual property appreciation at 5% supports $27,628 by year five. Five-year ROI tracks 129.68% and total cumulative return in cash totals $42,988. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $761/mo property income relative to a $489/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 39532, Biloxi, MS area.
| 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 |
Residential
15,395
Single Family
13,067
Multi-Family
2,328
Businesses
575
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Price change | $100,000 |
| 2024-05-04 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $817.51 | -0.63% | $7,070 | N/A |
| 2022-10-16 | $822.67 | -0.35% | $7,070 | -85.00% |
| 2021-10-16 | $825.57 | 10.04% | $47,134 | 13.73% |
Listed by: Kaleb Lee • Keller Williams
Mls Name: MLS United
Mls ID: #4078785
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
