1648 Cummins Ave, Tunica, MS, 38676 | $597/mo Cash Flow

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1648 Cummins Ave, Tunica, MS, 38676 | $597/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Tunica at 1648 Cummins Ave, Tunica, MS, 38676 offers a 10.33% rental yield on a $240,000 purchase with $2,066/mo rent. Total monthly income registers $2,066/mo, and a $1,175/mo payment leaves $597/mo available for distribution. Annual cash flow reaches $7,164/yr on $79,560 to close, and return on cash invested stands at 28.91% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 151.03% and total cumulative return in cash at $120,158. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,066/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

New listing in Tunica, MS. This home is located in a well-established community known for its welcoming atmosphere. The property features engineered hardwood floors throughout the main living areas and an updated kitchen with quartz countertops. The large open living room includes a wet bar, making it ideal for entertaining. A formal dining room is situated just off the kitchen, providing additional space for gatherings. The home offers three bedrooms, each with its own private bathroom, ensuring comfort and convenience for all. Additional features include a large carport with an attached storage room, a fenced backyard, and a spacious workshop designed to match the home. These amenities provide both functionality and curb appeal, making this property an excellent choice for a variety of buyers.

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