6211 Saphire LnBiloxiMS39532
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
Investment property for sale in Biloxi at 6211 Saphire Ln, Biloxi, MS, 39532 offers a 11.03% rental yield on a $369,900 purchase with $3,401/mo rent. Total monthly income registers $3,401/mo, and a $1,810/mo payment leaves $1,118/mo available for distribution. Annual cash flow reaches $13,414/yr on $122,622 to close, and return on cash invested stands at 30.85% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 161.48% and total cumulative return in cash at $198,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,401/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
$240 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39532, Biloxi, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,017 (100%) |
| Owner Occupied HU | 9,809 (61.2%) |
| Renter Occupied HU | 5,072 (31.7%) |
| Vacant Housing Units | 1,136 ( 7.1%) |
| Median Home Value | $274,646 |
| Average Home Value | $326,970 |
Housing Distribution
Address Breakdown
Residential
15,395
Single Family
13,067
Multi-Family
2,328
Businesses
575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Ridley • Adams Homes, L.L.C.
Mls Name: MLS United
Mls ID: #4076449
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.