378 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 378 Forrest Ave, Biloxi, MS, 39530 generates $2,503/mo in rent and, after a $871/mo payment, leaves $1,414/mo in cash flow. Total monthly income is $2,503/mo, and annual cash flow is $16,967/yr on $59,007 invested. Return on cash invested sits at 48.66% in year one, and rental yield is 16.87% on a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 256.93% and total cumulative return in cash sums $151,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,503/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
N/A 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: N/A • N/A
Mls Name: MLS United
Mls ID: #4119538