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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 1803 Edgewood Blvd, Hernando, MS, 38632 offers $2,911/mo rent that, after a $1,933/mo payment, leaves $474/mo cash flow. Total monthly income is $2,911/mo, and annual cash flow is $5,691/yr on $130,909 cash. Return on cash invested measures 24.26% in year one, and rental yield stands at 8.85% at a $394,900 entry. Equity gained on principal adds $2,548/yr while 5% annual appreciation compounds into $109,104 by year five. Five-year ROI records 126.14% and total cumulative return in cash reaches $165,131. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,911/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
1.01 Acres lot
$N/A/sqft
$240 annually 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 | $394,900 |
| 2024-08-23 | Price change | $415,000 |
| 2024-07-19 | Listed for sale | $429,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2514.90 | N/A | $20,289 | N/A |
| 2022-10-16 | $2514.90 | N/A | $20,289 | N/A |
| 2021-10-16 | $2514.90 | 7.18% | $20,289 | 6.36% |
Listed by: Adam C Biffle • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4086022
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
