1985 Kornman 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 1985 Kornman Dr, Biloxi, MS, 39532 uses $95,804 cash to close to unlock $10,284/yr annual cash flow and $857/mo monthly cash flow. Total monthly income runs $2,626/mo, and a $1,415/mo payment keeps the spread at $857/mo. Purchase price stands at $289,000, and rental yield measures 10.9% with $2,626/mo rent. Return on cash invested shows 30.64% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 160.29% and total cumulative return in cash records $153,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,626/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.25 Acres 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: Nicole D Nezat • Fidelis Realty, LLC.
Mls Name: MLS United
Mls ID: #4137583