186 E South St, Hernando, MS, 38632 | $644/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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186 E South St, Hernando, MS, 38632 | $644/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

Rental property for sale in Hernando at 186 E South St, Hernando, MS, 38632 generates $2,718/mo in rent and, after a $1,659/mo payment, leaves $644/mo in cash flow. Total monthly income is $2,718/mo, and annual cash flow is $7,725/yr on $112,379 invested. Return on cash invested sits at 26.78% in year one, and rental yield is 9.62% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 139.61% and total cumulative return in cash sums $156,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,718/mo property income rather than buyer’s personal income.

Townhouse

Built in 2022

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Come check out this adorable two-story townhome in Hernando! Seriously, it's in such a great spot, close to everything you need. When you walk in, you'll find a cozy eat-in kitchen that's perfect for those lazy Sunday breakfasts. The living room is super inviting, and there's a walk-in laundry room that makes chores easy. You'll love the primary bedroom and bath, plus there's a guest room and another full bath on the first floorgreat for visitors or maybe even a home office! Head upstairs, and you'll find a spacious bedroom with its own full bathperfect for a little privacy. There's also an office space, which is great if you're working from home or need a quiet spot to tackle your projects. And don't forget about the attic space for all your storage needs! The home features stylish vinyl wood plank floors throughout, tile in the bathrooms, and shiny stainless steel appliances in the kitchen. You'll feel like royalty in the primary bath with its free-standing tub and separate shower. Plus, the crown molding adds a nice touch of elegance, and the smart security system gives you peace of mind. With a two-car garage and a lovely backsplash in the kitchen, this townhome really has it all. You've got to see it to believe it! Come take a look; you won't regret it!

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