1640 W Quitman StIukaMS38852
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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 Iuka at 1640 W Quitman St, Iuka, MS, 38852 listed at $149,000 pairs $1,192/mo rent with a $729/mo payment to leave $280/mo cash flow. Total monthly income runs $1,192/mo, and annual cash flow reaches $3,355/yr on $49,394 cash to close. Return on cash invested measures 26.7% in year one, and rental yield registers 9.6% at a $149,000 basis. Equity gained on principal adds $961/yr, and annual property appreciation at 5% supports $41,166 by year five. Five-year ROI tracks 139.24% and total cumulative return in cash totals $68,776. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,192/mo property income relative to a $729/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38852, Iuka, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,926 (100%) |
| Owner Occupied HU | 3,120 (52.6%) |
| Renter Occupied HU | 1,001 (16.9%) |
| Vacant Housing Units | 1,805 (30.5%) |
| Median Home Value | $156,737 |
| Average Home Value | $202,568 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,805
Multi-Family
19
Businesses
410
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Listed by: Derrick Tapp • Tapp Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10191632
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