1305 Highway 51 S, Hernando, MS, 38632 | $889/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1305 Highway 51 S, Hernando, MS, 38632 | $889/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hernando at 1305 Highway 51 S, Hernando, MS, 38632 earns $889/mo cash flow from $3,712/mo rent with a $2,251/mo payment. Total monthly income totals $3,712/mo, and annual cash flow totals $10,670/yr on $152,457 capital. ROI tracks 26.91% on current figures, and rental yield reads 9.69% at a $459,900 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 over five years. Five-year ROI reaches 140.33% and total cumulative return in cash sums $213,942. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,712/mo property income instead of your personal income.

Single Family

Built in 1987

1.70 Acres lot

$N/A/sqft

No HOA

More details about the property

This 5 Bedroom 3.5-bath home in the Heart of Hernando on a huge 1.7 acre lot checks all the boxes. Soon as you enter the front door you will be impressed with the grand foyer and massive ceiling heights along with the living room fireplace and formal dining room. When you walk in the kitchen you will notice beautiful countertops, spacious island, dining nook and tons of storage. Directly off the kitchen there is a half bath that leads you into huge laundry room that includes a full set of cabinets with granite tops, craft table and storage closet. The primary bath has a freestanding tub with subway tile wall surround, subway tile shower along with his and her closets. Downstairs has an additional bedroom and full bath. The upstairs includes 3 bedrooms, 1 full bath and a bonus room guarantying everyone plenty of space. There is also a bricked detached garage that includes a rear lean to for additional storage. The house has been updated including new flooring, new countertops, remodeled bathrooms, fresh paint and much, much more.

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