302 Mulberry LnQuitmanMS39355
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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 302 Mulberry Ln, Quitman, MS, 39355 priced at $425,000 converts $1,914/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,914/mo. Return on cash invested prints 14.06% in year one, and rental yield reads 5.4% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 71.4% and total cumulative return in cash sums $100,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.51 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: Kristen Boswell • Haus of Bonaparte Realty, LLC
Mls Name: MLS United
Mls ID: #4118040