








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Hernando at 1201 Wheeler Rd, Hernando, MS, 38632 offers a 4.15% rental yield on a $840,000 purchase with $2,908/mo rent. 37% in year one. Equity gained on principal adds $5,420/yr while 5% annual appreciation supports $232,077 over five years. Portfolio math shows five-year ROI at 51.55% and total cumulative return in cash at $142,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,908/mo property income against a $4,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
12.84 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 |
|---|---|---|
| 2025-04-05 | Listed for sale | $840,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-12 | $2202.98 | N/A | $29,316 | N/A |
| 2023-04-12 | $2202.98 | N/A | $29,316 | N/A |
| 2022-04-12 | $2202.98 | N/A | $29,316 | N/A |



Listed by: Corie Haynes • Burch Realty Group Hernando
Mls Name: MLS United
Mls ID: #4109161
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.