1279 Vernon Cv, Hernando, MS, 38632 | $397/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1279 Vernon Cv, Hernando, MS, 38632 | $397/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1800 sft

255 Magnolia Gardens Dr, Hernando, MS, 38632

4 Bed
3 Bath
2100 sft

106 Cross Creek Dr, Senatobia, MS, 38668

4 Bed
3 Bath
2120 sft

11455 First Hickory Cv, Hernando, MS, 38632

4 Bed
3 Bath
2400 sft

1680 Cedar Bend Rd, Hernando, MS, 38632

Nearby investment properties with comparable prices

3 Bed
2 Bath
2134 sft

1883 Clair Cir N, Hernando, MS, 38632

4 Bed
2 Bath
2100 sft

4810 Bluff Rd, Hernando, MS, 38632

4 Bed
3 Bath
2125 sft

309 Garrison Dr, Senatobia, MS, 38668

4 Bed
2 Bath
1887 sft

230 Magnolia Gardens Dr, Hernando, MS, 38632

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Hernando at 1279 Vernon Cv, Hernando, MS, 38632 with 5% annual appreciation on a $360,000 basis while $2,600/mo rent supports operations. Total monthly income totals $2,600/mo and a $1,762/mo payment preserves $397/mo for cash returns. Annual cash flow comes to $4,764/yr on $119,340 deployed, and return on cash invested reaches 23.9% in year one. Equity gained on principal adds $2,323/yr, and five-year appreciation sums $99,461 alongside rental yield of 8.67%. Five-year ROI measures 124.15% and total cumulative return in cash totals $148,161.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,600/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2004

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1279 Vernon Cove - A Dream Home in the Heart of Hernando! Tucked away on a quiet cul-de-sac in one of Hernando's most sought-after neighborhoods, this stunning 4 bedroom, 2 bath home offers the perfect blend of comfort, style, and location - all within the top-rated Hernando School District. Step inside to soaring high ceilings, gorgeous wood floors and a cozy corner gas log fireplace, setting the tone for warm gatherings and memorable moments. The formal dining room is framed by elegant arch door ways and is ideal for hosting dinner parties or enjoying family meals with elegance. The heart of the home - the kitchen - is a true showstopper. Featuring custom cabinetry, a beautiful mosaic tile backsplash, sleek black sink, stainless steel appliances, a breakfast bar, two pantries, and a spacious eat-in breakfast area, this space is both stylish and functional, with a large picture window overlooking the backyard. Retreat to the spacious primary suite, highlighted by a unique and trendy accent wall and stylish barn doors. The salon-style bath offers a relaxing escape with double vanities, oversized shower with seamless shower doors and extra storage space. The massive walk-in closet with custom wood shelving is a dream come true. With a split floor plan, enjoy privacy and comfort for everyone. Three other bedrooms and a full bath complete the main floor footprint of this gorgeous home. Upstairs, you'll find a generously-sized, floored expandable area, offering endless potential - whether you envision a media room, home gym, or fifth bedroom. Step outside to the backyard oasis - a massive covered patio, level lot, wood privacy fence, and a charming stone path leading to the storage shed. Perfect for entertaining, playing, or simply relaxing. This is more than just a home - it's a lifestyle. Located in a fantastic subdivision, this property checks all the boxes for space, style, and schools. Don't miss your chance to make 1279 Vernon Cove your forever home!

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