1157 Lake View DrHernandoMS38632
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
Rental property for sale in Hernando at 1157 Lake View Dr, Hernando, MS, 38632 priced at $414,900 pairs $3,096/mo rent with $498/mo cash flow after a $2,031/mo payment. Total monthly income equals $3,096/mo, and annual cash flow comes to $5,981/yr on $137,539 invested. Return on cash invested is 24.26% in year one, and rental yield stands at 8.95% on a $414,900 basis. Equity gained on principal adds $2,677/yr, and 5% annual appreciation accumulates to $114,629 by year five. Five-year ROI measures 126.27% and total cumulative return in cash reaches $173,678. For financing, Ziffy Mortgage’s DSCR program evaluates $3,096/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.35 Acres lot
$N/A/sqft
$700 annually 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: Lisa M Utterback • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4078691
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.