6500 Rye Grass RdBiloxiMS39532
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
Rental property for sale in Biloxi at 6500 Rye Grass Rd, Biloxi, MS, 39532 priced at $229,900 converts $1,592/mo rent into $98/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,592/mo, and annual cash flow totals $1,171/yr on $76,212 invested. Return on cash invested prints 21.45% in year one, and rental yield reads 8.31% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 111.51% and total cumulative return in cash sums $84,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,592/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.55 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John V Le • Century 21 J. Carter & Company
Mls Name: MLS United
Mls ID: #4079162
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.