262 Forrest 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
Rental property for sale in Biloxi at 262 Forrest Ave, Biloxi, MS, 39530 generates $1,100/mo in rent and, after a $700/mo payment, leaves $225/mo in cash flow. Total monthly income is $1,100/mo, and annual cash flow is $2,698/yr on $47,405 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 9.23% on a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 133.29% and total cumulative return in cash sums $63,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,100/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
10,018 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: Emily Bull • ERA PowerMark Properties
Mls Name: MLS United
Mls ID: #4130119