1907 Independence SqIukaMS38852
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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 1907 Independence Sq, Iuka, MS, 38852 with 5% annual appreciation on a $174,500 basis while $1,377/mo rent supports operations. Total monthly income totals $1,377/mo and a $854/mo payment preserves $309/mo for cash returns. Annual cash flow comes to $3,711/yr on $57,847 deployed, and return on cash invested reaches 26.32% in year one. Equity gained on principal adds $1,126/yr, and five-year appreciation sums $48,211 alongside rental yield of 9.47%. Five-year ROI measures 137.21% and total cumulative return in cash totals $79,374.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,377/mo property income versus a $854/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.90 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: Misty Murray Durham • Property Pros
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3983
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.