631 Crescent St
Biloxi, MS 39530
List Price
$170,000
Initial Investment
$46,325Purchase Price
$170,000
Down Payment
25%
Rent
$1,460
Total Return
$48,742
Annualized Return
16.9%
Cap Rate
7.4%
Gross Yield
10.3%
Cash Flow
$2,672
Appreciation
3.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
High Risk - Zone AE
Discover the perfect blend of charm and convenience in this 3-bedroom, 2-bathroom gem in the heart of Old Town Biloxi, MS—perfect for first-time homebuyers! Just minutes from the peaceful Biloxi Back Bay and beaches, this home not only offers easy water access but is also close to the best local attractions, including casinos, restaurants, and unique shops.
The inviting living room is the heart of the home, providing a cozy space to relax or entertain. The newly upgraded luxury vinyl plank flooring gives the space a fresh, modern feel, and the adjacent formal dining room is ideal for family meals or hosting friends. Upstairs, you'll find two comfortable bedrooms and a full bath, making this home perfect for a growing family.
Outside, enjoy the simple pleasures of a front porch where you can sip your morning coffee, and a paved back patio that's perfect for weekend BBQs. Plus, the gated parking at the rear offers added security and peace of mind.
This move-in-ready home is an excellent opportunity to start your journey as a homeowner in a lively, convenient location. PROPERTY IS BEING SOLD AS-IS, WHERE-IS. The Seller will NOT be doing any additional repairs. Don't miss out—schedule your showing today!
See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667
Annual Financial Highlights
Expected Rent
$16,644Expenses
-$3,180Property Taxes
-$1,550Loan Payments
-$9,242Net Cash Flow
$2,672See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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901 Realtor
MS Brokerage License 23628
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MS Brokerage License 23628
SourceMLS United
MLS #4089997
Last Updated: 11/21/2024 19:11
MLS #4089997
Last Updated: 11/21/2024 19:11