6277 Emerald Lake DrBiloxiMS39532
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 6277 Emerald Lake Dr, Biloxi, MS, 39532 at $380,475 posts ROI 25.64% with $602/mo cash flow from $2,950/mo rent. Total monthly income equals $2,950/mo, and annual cash flow records $7,223/yr on $126,127 to close. Return on cash invested measures 25.64% and rental yield reads 9.3% at the current $380,475. Equity gained on principal adds $2,455/yr, and 5% annual appreciation supports $105,118 by year five. Five-year ROI prints 133.52% and total cumulative return in cash totals $168,402.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,950/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.42 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
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Nearby investment properties with comparable prices
Listed by: Tim Ridley • Adams Homes, L.L.C.
Mls Name: MLS United
Mls ID: #4085068
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.