2588 Rue PalafoxBiloxiMS39531
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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 2588 Rue Palafox, Biloxi, MS, 39531 uses $102,765 cash to close to unlock $6,183/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $2,412/mo, and a $1,517/mo payment keeps the spread at $515/mo. Purchase price stands at $310,000, and rental yield measures 9.34% with $2,412/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 135.04% and total cumulative return in cash records $138,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,412/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1987
6,969 sqft 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: Lynn A Barnett • Berkshire Hathaway Home Servs., Panoramic Properties
Mls Name: MLS United
Mls ID: #4136344