241 Spanner Ln

Biloxi, MS 39530
image0

3 bd, 2 ba | 1,207 sqft | Built in 1976

slider image
slider image
slider image
List Price
$180,000

Initial Investment

$49,050

Purchase Price

$180,000

Down Payment

25%

Rent

$1,610

Total Return

$54,285

Annualized Return

17.8%

Cap Rate

7.7%

Gross Yield

10.7%

Cash Flow

$3,333

Appreciation

3.7%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,019

HOA

None

Flood Risk

High Risk - Zone AE

Back on Market 8/1/2025. This could be your next home just minutes from downtown Biloxi, beach, entertainment and casinos. New HVAC currently being installed. Fresh paint job inside and out. South adjourning lot conveys with the sale of house. Check it out today, priced to sale.

See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,585

Property Taxes

-$1,650

Loan Payments

-$9,786

Net Cash Flow

$3,333

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.

Similar Listings



Listing Courtesy of:Joseph Piernas
Agent License B24070
Exit Extra Mile Realty LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4092201
Last Updated: 08/01/2025 15:08
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.