697 Eric Ct, Biloxi, MS, 39532 | $217/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Biloxi at 697 Eric Ct, Biloxi, MS, 39532 offers a 8.48% rental yield on a $230,000 purchase with $1,625/mo rent. Total monthly income registers $1,625/mo, and a $1,126/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,607/yr on $76,245 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 121.15% and total cumulative return in cash at $92,371. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,625/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

0.49 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