2060 Beach Blvd UNIT 902BiloxiMS39531
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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 2060 Beach Blvd UNIT 902, Biloxi, MS, 39531 offers a 9.55% rental yield on a $359,000 purchase with $2,858/mo rent. Total monthly income registers $2,858/mo, and a $1,757/mo payment leaves $7/mo available for distribution. Annual cash flow reaches $87/yr on $119,009 to close, and return on cash invested stands at 19.98% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 105.57% and total cumulative return in cash at $125,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,858/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$654 monthly 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: Beth A Mandal • Mandal Preferred, Inc.
Mls Name: MLS United
Mls ID: #4073700
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.