104 Carter StQuitmanMS39355
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Quitman at 104 Carter St, Quitman, MS, 39355 uses $47,239 cash to close to unlock $1,565/yr annual cash flow and $130/mo monthly cash flow. Total monthly income runs $1,002/mo, and a $697/mo payment keeps the spread at $130/mo. Purchase price stands at $142,500, and rental yield measures 8.44% with $1,002/mo rent. Return on cash invested shows 23.22% in year one, and 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 120.57% and total cumulative return in cash records $56,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,002/mo property income covering a $697/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39355, Quitman, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,311 (100%) |
| Owner Occupied HU | 2,224 (67.2%) |
| Renter Occupied HU | 545 (16.5%) |
| Vacant Housing Units | 542 (16.4%) |
| Median Home Value | $124,740 |
| Average Home Value | $166,029 |
Housing Distribution
Address Breakdown
Residential
2,867
Single Family
2,833
Multi-Family
34
Businesses
276
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Listed by: Xavierra Agee • B & Co Realty
Mls Name: HSMLS
Mls ID: #144677