520 Beach Blvd APT 404BiloxiMS39530
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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 520 Beach Blvd APT 404, Biloxi, MS, 39530 generates $2,430/mo in rent, after a $1,542/mo payment. Total monthly income is $2,430/mo. Return on cash invested sits at 18.78% in year one, and rental yield is 9.26% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 99.25% and total cumulative return in cash sums $103,637. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,430/mo property income rather than buyer’s personal income.
Condo
Built in 1985
4.02 Acres lot
$N/A/sqft
$600 monthly 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: Lois E Reidy • J. Neal Olive Real Estate
Mls Name: MLS United
Mls ID: #4094248
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.