983 Hickory LnTunicaMS38676
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tunica at 983 Hickory Ln, Tunica, MS, 38676 earns $1,064/mo cash flow from $3,251/mo rent with a $1,693/mo payment. Total monthly income totals $3,251/mo, and annual cash flow totals $12,771/yr on $114,666 capital. ROI tracks 31.05% on current figures, and rental yield reads 11.28% at a $345,900 purchase. Equity gained on principal adds $2,232/yr, and 5% annual appreciation supports $95,566 over five years. Five-year ROI reaches 162.77% and total cumulative return in cash sums $186,647. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,251/mo property income instead of your personal income.
Single Family
Built in 1949
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38676, Tunica, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,143 (47.1%) |
| Renter Occupied HU | 919 (37.9%) |
| Vacant Housing Units | 366 (15.1%) |
| Median Home Value | $134,926 |
| Average Home Value | $173,291 |
Housing Distribution
Address Breakdown
Residential
1,607
Single Family
1,494
Multi-Family
113
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: mu.rets.gravesba • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4079123
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.