Landlords in Itawamba (MS) collectively hold 1,044 SFR properties, comprising 14.3% of the total 7,302 SFR properties in the market. This reveals a substantial, albeit minority, segment of the housing stock dedicated to investment.
Individual investors overwhelmingly lead the market, owning 726 properties, which accounts for 69.5% of the total landlord-owned SFR portfolio. This contrasts sharply with company-owned properties at 340, or 32.6% of the portfolio, underscoring the prevalence of smaller, individual landlords.
The ownership landscape further highlights the mom-and-pop influence with 857 individual landlords compared to 226 company landlords, a ratio of nearly 3.8 individual entities for every company entity among the total 1,083 landlords.
The portfolio's composition signals a strong rental-focused market, with 1,006 properties (96.4% of investor-owned) designated as rented and therefore non-owner-occupied. This indicates that nearly all investor acquisitions are intended for the rental market.
A striking characteristic of the landlord holdings is the heavy reliance on cash acquisitions, with 999 properties (95.7%) purchased outright. This contrasts sharply with only 45 properties (4.3%) being financed, suggesting a low leverage environment or a preference for unencumbered assets among investors in Itawamba (MS).