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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Iuka at 21 Pine Ridge Cv, Iuka, MS, 38852 generates $2,049/mo in rent and, after a $1,415/mo payment, leaves $280/mo in cash flow. Total monthly income is $2,049/mo, and annual cash flow is $3,360/yr on $95,804 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 8.51% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 121.55% and total cumulative return in cash sums $116,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,049/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38852, Iuka, MS area.
| 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 |
Residential
4,824
Single Family
4,805
Multi-Family
19
Businesses
410
Date | Event | Price |
|---|---|---|
| 2024-07-31 | Listed for sale | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Derrick Tapp • Tapp Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10178151
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. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2024 Memphis Area Association of REALTORS.
