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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 1478 Lake Front Dr, Hernando, MS, 38632 priced at $321,900 converts $3,210/mo rent into $1,140/mo cash flow after a $1,576/mo obligation. Total monthly income equals $3,210/mo, and annual cash flow totals $13,676/yr on $106,710 invested. Return on cash invested prints 32.73% in year one, and rental yield reads 11.97% against a $321,900 entry. Equity gained on principal adds $2,077/yr, while 5% annual appreciation compiles into $88,935 by year five. Five-year ROI reaches 171.9% and total cumulative return in cash sums $183,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,210/mo property income covering a $1,576/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.28 Acres lot
$N/A/sqft
$100 monthly 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 |
|---|---|---|
| 2025-01-16 | Listed for sale | $321,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kay Jefferies • Haley and Associates Real Estate Services, LLC
Mls Name: MLS United
Mls ID: #4101137
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
