Under $500K Investment Properties for Sale in Hernando, MS
361- 4 Bed
- 3 Bath
- 2462 sft
508- 4 Bed
- 3 Bath
- 2592 sft
265- 3 Bed
- 1 Bath
- 1071 sft
428- 3 Bed
- 2 Bath
- 2025 sft
Why Invest in Hernando, Mississippi?
Hernando, MS offers strong investment potential in homes under $500K, with affordable entry points in a growing Memphis suburb. Proximity to major employment centers supports steady rental demand and cash flow. Average rents around $1,600/month deliver solid yields of 7-8% in single-family properties. Annual appreciation of 5% reflects regional growth, while cap rates hover at 6-7%. Low vacancy rates under 5% ensure reliable occupancy for investors.
Frequently Asked Questions
Hernando offers affordable single-family homes with strong rental yields around 7-8% due to Memphis proximity and job growth. Low vacancy rates and 5% appreciation provide reliable cash flow. Its family-friendly suburbs attract long-term renters.
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