Residential Income Property with Newer
New
For Sale
$150,000
5515 Quail Creek Circle, Diberville, MS 39540
Sold AS-IS with a newer roof and convenient proximity to shopping, dining, schools, and entertainment.
Property Size1,100 SF
Price / SF$136.36
Days on Market3
Property Features for 5515 Quail Creek Circle
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
fixer-upper
Building Details
Year Built
2007
Listing Agency:
Century 21 J. Carter & Company
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 J. Carter & Company
Investment Insights
Based on property information with market context.
Located at 5515 Quail Creek Circle in D'iberville, Mississippi, this residential income property is a home built in 2007. The residence is being offered in AS-IS condition and features a newer roof.
The property is positioned near shopping, dining, schools, and entertainment, providing access to several everyday amenities within a short distance. Its documented property size is 1,100, and the address is 5515 Quail Creek Circle, D'iberville, MS 39540.
The property is positioned near shopping, dining, schools, and entertainment, providing access to several everyday amenities within a short distance. Its documented property size is 1,100, and the address is 5515 Quail Creek Circle, D'iberville, MS 39540.
Key Highlights
- Residential income property at 5515 Quail Creek Circle, D'iberville, MS 39540
- 1,100 property size
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$123,040
$123.0K
Cap Rate 7%
$87,886
$87.9K
Cap Rate 9%
$68,356
$68.4K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.1K $11.04/SF
− Vacancy
−$959 −$0.87/SF
EGI
$11.2K $10.17/SF
− OpEx
−$5.0K −$4.58/SF
NOI
$6.2K $5.59/SF
Area
Harrison County, MS
Vacancy
7.90%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$123,040
Cap Rate 7%
$87,886
Cap Rate 9%
$68,356
Alternative Uses
Best Use
Apartment 5plus
$87.9K
$76.9K – $102.5K
NOI $6,152 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$177.2K
$155.1K – $206.8K
NOI $12,405 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Sold AS-IS with a newer roof and convenient proximity to shopping, dining, schools, and entertainment.
Where is this residential income property located?
The property is located at 5515 Quail Creek Circle Diberville, MS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Residential income property at 5515 Quail Creek Circle, D'iberville, MS 39540; 1,100 property size; Built in 2007
