424 County Road 989IukaMS38852
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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 424 County Road 989, Iuka, MS, 38852 generates $2,743/mo in rent, after a $3,385/mo payment. Total monthly income is $2,743/mo. Return on cash invested sits at 12.21% in year one, and rental yield is 4.76% on a $691,500 entry. Equity gained on principal adds $4,462/yr, while 5% annual appreciation builds toward $191,049 over five years. Five-year ROI reaches 61.4% and total cumulative return in cash sums $139,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,743/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
9.25 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A