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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 1282 Ivy Dr, Hernando, MS, 38632 offers $2,711/mo rent that, after a $2,031/mo payment, leaves $172/mo cash flow. Total monthly income is $2,711/mo, and annual cash flow is $2,059/yr on $137,573 cash. Return on cash invested measures 21.41% in year one, and rental yield stands at 7.84% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 110.78% and total cumulative return in cash reaches $152,409. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,711/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
1.60 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 |
|---|---|---|
| 2024-09-06 | Price change | $415,000 |
| 2024-09-05 | Price change | $425,000 |
| 2024-04-16 | Price change | $420,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2272.72 | N/A | $18,525 | N/A |
| 2022-10-16 | $2272.72 | N/A | $18,525 | N/A |
| 2021-10-16 | $2272.72 | 8.47% | $18,525 | 7.30% |
Listed by: Bernard E Crowley Jr • Whitetail Properties Real Estate, LLC
Mls Name: MLS United
Mls ID: #4090595
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
