321 Wheeler St, Itta Bena, MS, 38941 | $337/mo Cash Flow

For Sale

Fix & Flip

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Itta Bena at 321 Wheeler St, Itta Bena, MS, 38941 generates $1,170/mo in rent and, after a $587/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,170/mo, and annual cash flow is $4,044/yr on $39,780 invested. Return on cash invested sits at 30.07% in year one, and rental yield is 11.7% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 158.33% and total cumulative return in cash sums $62,983. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,170/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

2,484 Acres lot

$N/A/sqft

No HOA