22 Marina CoveIukaMS38852
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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
Rental property for sale in Iuka at 22 Marina Cove, Iuka, MS, 38852 generates $4,712/mo in rent, after a $7,146/mo payment. Total monthly income is $4,712/mo. Return on cash invested sits at 9.66% in year one, and rental yield is 3.87% on a $1,460,000 entry. Equity gained on principal adds $9,421/yr, while 5% annual appreciation builds toward $403,371 over five years. Five-year ROI reaches 47.68% and total cumulative return in cash sums $225,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,712/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.67 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: Marea W Wilson • Wilco Real Estate Group
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-1659
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.