7216 Larkin Pl WBiloxiMS39532
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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 7216 Larkin Pl W, Biloxi, MS, 39532 priced at $285,000 converts $1,913/mo rent into $169/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,913/mo, and annual cash flow totals $2,026/yr on $94,478 invested. Return on cash invested prints 22.05% in year one, and rental yield reads 8.05% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 114.24% and total cumulative return in cash sums $107,934. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,913/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1.01 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: Merry E Gutierrez • Coldwell Banker Alfonso Realty-OS-B/O
Mls Name: MLS United
Mls ID: #4136368