419 Cove DrBiloxiMS39531
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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 419 Cove Dr, Biloxi, MS, 39531 with 5% annual appreciation on a $324,000 basis while $2,122/mo rent supports operations. Total monthly income totals $2,122/mo and a $1,586/mo payment preserves $139/mo for cash returns. Annual cash flow comes to $1,669/yr on $107,406 deployed, and return on cash invested reaches 21.46% in year one. Equity gained on principal adds $2,091/yr, and five-year appreciation sums $89,515 alongside rental yield of 7.86%. Five-year ROI measures 111.12% and total cumulative return in cash totals $119,351.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,122/mo property income versus a $1,586/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
10,454 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: Jodi S Busch • Century 21 Busch Realty Group
Mls Name: MLS United
Mls ID: #4110195
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.