142 Pine Grove AveBiloxiMS39531
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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
Rental property for sale in Biloxi at 142 Pine Grove Ave, Biloxi, MS, 39531 priced at $292,000 converts $2,089/mo rent into $302/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,089/mo, and annual cash flow totals $3,628/yr on $96,798 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 8.58% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 122.87% and total cumulative return in cash sums $118,940. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,089/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.31 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
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Listed by: Amanda C Thomas • Coastal Realty Group
Mls Name: MLS United
Mls ID: #4115201
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.