448 Diaz 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 448 Diaz Ave, Biloxi, MS, 39530 priced at $129,000 converts $978/mo rent into $181/mo cash flow after a $631/mo obligation. Total monthly income equals $978/mo, and annual cash flow totals $2,168/yr on $42,764 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 9.1% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 130.04% and total cumulative return in cash sums $55,609. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $978/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1940
4,356 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: Caty Mahoney Hulett • Century 21 J. Carter & Company
Mls Name: MLS United
Mls ID: #4087812
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.