10562 N Cockrum DrHernandoMS38632
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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 Hernando at 10562 N Cockrum Dr, Hernando, MS, 38632 generates $1,729/mo in rent and, after a $879/mo payment, leaves $630/mo in cash flow. Total monthly income is $1,729/mo, and annual cash flow is $7,561/yr on $59,504 invested. Return on cash invested sits at 32.62% in year one, and rental yield is 11.56% on a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 170.98% and total cumulative return in cash sums $101,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,729/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
3.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38632, Hernando, MS area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,077
Single Family
11,627
Multi-Family
450
Businesses
841
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Listed by: Whitley P Rives • Capstone Realty Services
Mls Name: MLS United
Mls ID: #4133336