1860 Timber Way NHernandoMS38632
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Nearby investment properties with comparable prices
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 1860 Timber Way N, Hernando, MS, 38632 offers a 10.16% rental yield on a $255,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,248/mo payment leaves $600/mo available for distribution. Annual cash flow reaches $7,195/yr on $84,533 to close, and return on cash invested stands at 28.42% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 148.43% and total cumulative return in cash at $125,468. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.48 Acres 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: Sasha V Colbert • United Real Estate Mid-South
Mls Name: MLS United
Mls ID: #4100443
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.