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$169,900

For Sale - Active
1282 Beach Blvd Apt 118, Biloxi, MS 39530
1 Bed
1 Bath
0 Square Feet
0.00 Acres Lot
Built in 1965
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Sep 02, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
$17
Cap Rate
5.8%
Cash-on-Cash Return
0.5%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.5%

Property Description


0.00 Acres Lot
Built in 1965
For Sale - Active
Units n/a

This beautifully updated 1-bedroom, 1-bath condo offers the perfect blend of comfort and convenience just steps from the beach. The open floor plan features a bright living area with coastal-inspired accents, a stylish kitchen with stainless steel appliances and breakfast bar seating, and a cozy dining space highlighted by a rustic brick accent wall. Relax in the spacious bedroom and enjoy the low-maintenance lifestyle this condo provides. Community amenities include a sparkling swimming pool, peaceful courtyard fountain, and inviting lounge areas ideal for soaking up the sun or entertaining with friends. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this turnkey condo delivers the ultimate coastal living experience. Home is tenant-occupied until November 1, 2025.

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Location


Property Details


Parking

  • Description: Parking Lot
  • Details: On Site, Parking Lot
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Metal

HOA

  • Has HOA: Yes
  • HOA Fee: $260/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1310J04119.118
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1965

Tax Information

  • Annual Tax: $1,930

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Harrison

Listing Details


Listed by:
Velveda L Harried
Keller Williams
(228) 669-4445

Source:
MLS United
MLS#: 4123409
MLS United

Investment Summary


Monthly Cash Flow
$17
Cap Rate
5.8%
Cash-on-Cash Return
0.5%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.5%

Purchase Details

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Purchase price:
$169,900
Amount financed:
-$135,920
Down payment:
$33,980
Closing costs:
$5,097
Rehab costs:
$0
Initial cash invested:
$39,077
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$135,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$804
Property tax:
$161
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,091

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$161-$1,930
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (14%)
14%-$260-$3,120
Total operating expenses: (48%)
48%-$871-$10,450

Cash Flow


Monthly Yearly
Net operating income:
$821 $9,852
Mortgage payments:
-$804 -$9,648
Cash flow:
$17 $204