835 Carolee Cir, Biloxi, MS, 39532 | $119/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 835 Carolee Cir, Biloxi, MS, 39532 offers a 8.02% rental yield on a $249,000 purchase with $1,664/mo rent. Total monthly income registers $1,664/mo, and a $1,219/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,433/yr on $82,544 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 112.2% and total cumulative return in cash at $92,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,664/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1978

8,712 sqft 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