230 Thomas StIukaMS38852
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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 230 Thomas St, Iuka, MS, 38852 offers a 9.32% rental yield on a $169,000 purchase with $1,313/mo rent. Total monthly income registers $1,313/mo, and a $827/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,348/yr on $56,024 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 134.81% and total cumulative return in cash at $75,523. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,313/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,712 sqft 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 ID: #25-4116