241 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 241 Lee St, Biloxi, MS, 39530 listed at $120,000 pairs $920/mo rent with a $587/mo payment to leave $156/mo cash flow. Total monthly income runs $920/mo, and annual cash flow reaches $1,867/yr on $39,780 cash to close. Return on cash invested measures 24.6% in year one, and rental yield registers 9.2% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 128.31% and total cumulative return in cash totals $51,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $920/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
6,098 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: J. Wayne Byars • Cameron Bell Properties, Inc.
Mls Name: MLS United
Mls ID: #4108171
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.