191 Brady Dr

Biloxi, MS 39531
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3 bd, 2 ba | 2,188 sqft | Built in 1964

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List Price
$307,500

Initial Investment

$83,794

Purchase Price

$307,500

Down Payment

25%

Rent

$2,390

Total Return

$81,565

Annualized Return

15.6%

Cap Rate

7.0%

Gross Yield

9.3%

Cash Flow

$3,590

Appreciation

3.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,939

HOA

None

Flood Risk

Not Required

This ''Picture Perfect Alluring'' Modern Beach Cottage style home is charming. It is move in ready and ready for its new owners. Home is located blocks from the Biloxi Beach, is NOT in a flood zone. Home features beautiful exposed stained beams, ceramic title flooring throughout, breakfast bar, eat in kitchen, granite countertops, beautiful backsplash, Oversized Primary bedroom, bathrooms feature beautiful walk-in showers, soaker tub, home also features a game room off the living room or could be used as a sunroom/or second living room space.
Enjoy afternoon walks on the beach, or sit and relax on your breeze way enjoying your favorite beverage.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$27,246

Expenses

-$4,939

Property Taxes

-$2,000

Loan Payments

-$16,717

Net Cash Flow

$3,590

See 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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Listing Courtesy of:Gena Powell
Agent License S47109
Coldwell Banker Smith Home Rltrs-OS
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4076435
Last Updated: 04/12/2024 18:04
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