








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 1885 Tara Dr, Hernando, MS, 38632 priced at $500,000 pairs $4,570/mo rent with $1,511/mo cash flow after a $2,447/mo payment. Total monthly income equals $4,570/mo, and annual cash flow comes to $18,126/yr on $165,750 invested. Return on cash invested is 30.84% in year one, and rental yield stands at 10.97% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 161.39% and total cumulative return in cash reaches $267,512. For financing, Ziffy Mortgage’s DSCR program evaluates $4,570/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.77 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-15 | Listed for sale | $500,000 |
| 2025-04-19 | Listing removed | $499,000 |
| 2025-03-12 | Price change | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-19 | $3048.07 | N/A | $24,132 | N/A |
| 2023-06-19 | $3048.07 | N/A | $24,132 | N/A |
| 2022-06-19 | $3048.07 | N/A | $24,132 | N/A |



Listed by: Tracy Kirkley • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4116357
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.