1788 Timber Way NHernandoMS38632
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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
Investment Highlights
Investment property for sale in Hernando at 1788 Timber Way N, Hernando, MS, 38632 uses $97,793 cash to close to unlock $10,819/yr annual cash flow and $902/mo monthly cash flow. Total monthly income runs $2,707/mo, and a $1,444/mo payment keeps the spread at $902/mo. Purchase price stands at $295,000, and rental yield measures 11.01% with $2,707/mo rent. Return on cash invested shows 30.97% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 162.09% and total cumulative return in cash records $158,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,707/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 2001
8,276 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,077
Single Family
11,627
Multi-Family
450
Businesses
841
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Listed by: Gina Wigington • Turn Key Realty Group LLC
Mls Name: MLS United
Mls ID: #4124298