1060 Magnolia StTunicaMS38676
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1060 Magnolia St, Tunica, MS, 38676 in Tunica. Priced at $190,000, it generates $1,059/mo in gross rent and $587/mo in net monthly cash flow, a 11.07% yield that comfortably supports the 1.24 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,040. Five-year appreciation: $52,494. Equity from principal paydown: $1,750/yr. Total projected cumulative return: $65,367.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.2% |
| Monthly Cash Flow | $587 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,059 |
| Total Monthly Debt Service | $1,087 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38676, Tunica, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,143 (47.1%) |
| Renter Occupied HU | 919 (37.9%) |
| Vacant Housing Units | 366 (15.1%) |
| Median Home Value | $134,926 |
| Average Home Value | $173,291 |
Housing Distribution
Address Breakdown
Residential
1,607
Single Family
1,494
Multi-Family
113
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38676, Tunica, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,143 (47.1%) |
| Renter Occupied HU | 919 (37.9%) |
| Vacant Housing Units | 366 (15.1%) |
| Median Home Value | $134,926 |
| Average Home Value | $173,291 |
Housing Distribution
Address Breakdown
Residential
1,607
Single Family
1,494
Multi-Family
113
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leigh Graves • Crye-Leike Hernando
Mls Name: MLS United
Mls ID: #4112808