630 Bay Cove Dr UNIT 205BiloxiMS39532
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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 630 Bay Cove Dr UNIT 205, Biloxi, MS, 39532 generates $1,973/mo in rent and, after a $1,160/mo payment, leaves $523/mo in cash flow. Total monthly income is $1,973/mo, and annual cash flow is $6,272/yr on $78,566 invested. Return on cash invested sits at 27.89% in year one, and rental yield is 9.99% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 145.59% and total cumulative return in cash sums $114,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,973/mo property income rather than buyer’s personal income.
Condo
Built in 2012
1.26 Acres lot
$N/A/sqft
No 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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Listed by: Kasha Goodhart • Coldwell Banker Alfonso Realty-BIL
Mls Name: MLS United
Mls ID: #4084656