245 McDonnell Ave APT 231BiloxiMS39531
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 245 McDonnell Ave APT 231, Biloxi, MS, 39531 offers a 9.53% rental yield on a $110,500 purchase with $878/mo rent. Total monthly income registers $878/mo, and a $541/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,420/yr on $36,631 to close, and return on cash invested stands at 26.51% in year one. Equity gained on principal adds $713/yr while 5% annual appreciation supports $30,529 over five years. Portfolio math shows five-year ROI at 138.25% and total cumulative return in cash at $50,641. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $878/mo property income against a $541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenny Williams • Hilliard Homes
Mls Name: MLS United
Mls ID: #4113098