241 County Road 284QuitmanMS39355
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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 Quitman at 241 County Road 284, Quitman, MS, 39355 generates $2,717/mo in rent and, after a $1,444/mo payment, leaves $912/mo in cash flow. Total monthly income is $2,717/mo, and annual cash flow is $10,939/yr on $97,793 invested. Return on cash invested sits at 31.1% in year one, and rental yield is 11.05% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 162.75% and total cumulative return in cash sums $159,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,717/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39355, Quitman, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,311 (100%) |
| Owner Occupied HU | 2,224 (67.2%) |
| Renter Occupied HU | 545 (16.5%) |
| Vacant Housing Units | 542 (16.4%) |
| Median Home Value | $124,740 |
| Average Home Value | $166,029 |
Housing Distribution
Address Breakdown
Residential
2,867
Single Family
2,833
Multi-Family
34
Businesses
276
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Listed by: Eric D. Moore • HILL REAL ESTATE GROUP, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-598