255 Benachi AveBiloxiMS39530
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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 255 Benachi Ave, Biloxi, MS, 39530 uses $117,683 cash to close to unlock $3,709/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $1,738/mo payment keeps the spread at $309/mo. Purchase price stands at $355,000, and rental yield measures 8.39% with $2,482/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 119.69% and total cumulative return in cash records $140,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Multi Family
Built in 2009
6,534 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: April P Cook • Welcome Home Real Estate, Inc.
Mls Name: MLS United
Mls ID: #4133335