2060 Beach Blvd #906BiloxiMS39532
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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
Total monthly income runs $1,340/mo, and a $1,757/mo payment. Purchase price stands at $359,000, and rental yield measures 4.48% with $1,340/mo rent. Return on cash invested shows 11.27% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 56.45% and total cumulative return in cash records $67,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,340/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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: Lisa N Wasielak • Coldwell Banker Smith Home Rltrs-OS
Mls Name: MLS United
Mls ID: #4118447