303 West DrBiloxiMS39531
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
Rental property for sale in Biloxi at 303 West Dr, Biloxi, MS, 39531 offers $826/mo rent that, after a $513/mo payment, leaves $162/mo cash flow. Total monthly income is $826/mo, and annual cash flow is $1,945/yr on $34,774 cash. Return on cash invested measures 25.5% in year one, and rental yield stands at 9.45% at a $104,900 entry. Equity gained on principal adds $677/yr while 5% annual appreciation compounds into $28,982 by year five. Five-year ROI records 133.19% and total cumulative return in cash reaches $46,314. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $826/mo property income versus a $513/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
6,534 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: Hope Blazo • Beach View Real Estate
Mls Name: MLS United
Mls ID: #4088406
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.