647 Howard AveBiloxiMS39530
Nearby investment properties with comparable rents
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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 647 Howard Ave, Biloxi, MS, 39530 priced at $1,099,000 converts $2,582/mo rent into after a $5,379/mo obligation. Total monthly income equals $2,582/mo. Return on cash invested prints 6.41% in year one, and rental yield reads 2.82% against a $1,099,000 entry. Equity gained on principal adds $7,092/yr, while 5% annual appreciation compiles into $303,633 by year five. Five-year ROI reaches 30.24% and total cumulative return in cash sums $107,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,582/mo property income covering a $5,379/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
0.51 Acres 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: Stephanie G Schmitt • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4107062
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.