209 Iberville DrBiloxiMS39531
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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
Rental property for sale in Biloxi at 209 Iberville Dr, Biloxi, MS, 39531 generates $1,643/mo in rent, after a $5,384/mo payment. Total monthly income is $1,643/mo. Return on cash invested sits at 3.24% in year one, and rental yield is 1.79% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 13.25% and total cumulative return in cash sums $47,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,643/mo property income rather than buyer’s personal income.
Multi Family
Built in 1972
0.90 Acres lot
$N/A/sqft
No 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: Justin Britt • Epique
Mls Name: MLS United
Mls ID: #4098975
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.