183 Lee StBiloxiMS39530
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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 183 Lee St, Biloxi, MS, 39530 uses $56,024 cash to close to unlock $3,312/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,310/mo, and a $827/mo payment keeps the spread at $276/mo. Purchase price stands at $169,000, and rental yield measures 9.3% with $1,310/mo rent. Return on cash invested shows 25.82% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 134.42% and total cumulative return in cash records $75,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,310/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,662 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
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Listed by: Renee Wieting • Pedal Realty, LLC.
Mls Name: MLS United
Mls ID: #4111231
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.