1690 Constitution DrIukaMS38852
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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 1690 Constitution Dr, Iuka, MS, 38852 uses $39,614 cash to close to unlock $2,743/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $960/mo, and a $585/mo payment keeps the spread at $229/mo. Purchase price stands at $119,500, and rental yield measures 9.64% with $960/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash records $55,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $960/mo property income covering a $585/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.69 Acres 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: Dianne Furtick • Ables Real Estate
Mls Name: NMMLS
Mls ID: #26-62