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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hernando at 1001 Hickory Ridge Dr, Hernando, MS, 38632 generates $6,016/mo in rent, after a $4,841/mo payment. Total monthly income is $6,016/mo. Return on cash invested sits at 19.93% in year one, and rental yield is 7.3% on a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 102.8% and total cumulative return in cash sums $334,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,016/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
3 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38632, Hernando, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,513 (100%) |
| Owner Occupied HU | 10,035 (80.2%) |
| Renter Occupied HU | 1,589 (12.7%) |
| Vacant Housing Units | 889 ( 7.1%) |
| Median Home Value | $352,383 |
| Average Home Value | $379,373 |
Residential
12,077
Single Family
11,627
Multi-Family
450
Businesses
841
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Leigh Ann Carkeet • Marx-Bensdorf, Realtors
Mls Name: MLS United
Mls ID: #4121020
