16021 Waycross DrBiloxiMS39532
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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
Investment property for sale in Biloxi at 16021 Waycross Dr, Biloxi, MS, 39532 uses $88,511 cash to close to unlock $5,819/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $2,119/mo, and a $1,307/mo payment keeps the spread at $485/mo. Purchase price stands at $267,000, and rental yield measures 9.52% with $2,119/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 138% and total cumulative return in cash records $122,143. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,119/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Single Family
Built in 1970
9,583 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
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Listed by: Ralph M Harvey • Listwithfreedom.Com
Mls Name: MLS United
Mls ID: #4107344
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.