112 County Road 662QuitmanMS39355
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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 112 County Road 662, Quitman, MS, 39355 offers a 9.03% rental yield on a $105,000 purchase with $790/mo rent. Total monthly income registers $790/mo, and a $514/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,768/yr on $34,808 to close, and return on cash invested stands at 24.99% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 130.11% and total cumulative return in cash at $45,290. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $790/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
2 Acres 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: Justin Warren • Keller Williams Realty Services
Mls Name: MLS United
Mls ID: #4132067