281 Stennis Dr #1BiloxiMS39531
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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 281 Stennis Dr #1, Biloxi, MS, 39531 priced at $249,000 pairs $2,040/mo rent with $516/mo cash flow after a $1,219/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $6,192/yr on $82,544 invested. Return on cash invested is 27.41% in year one, and rental yield stands at 9.83% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 142.96% and total cumulative return in cash reaches $118,004. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
1.90 Acres 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: Mike Fearn • Fearn Property Specialists, LLC
Mls Name: MLS United
Mls ID: #4099643
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.