








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 1988 Garrett Dr, Hernando, MS, 38632 generates $3,210/mo in rent and, after a $2,222/mo payment, leaves $432/mo in cash flow. Total monthly income is $3,210/mo, and annual cash flow is $5,184/yr on $150,468 invested. Return on cash invested sits at 23.35% in year one, and rental yield is 8.49% on a $453,900 entry. Equity gained on principal adds $2,929/yr, while 5% annual appreciation builds toward $125,404 over five years. Five-year ROI reaches 121.22% and total cumulative return in cash sums $182,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,210/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.64 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jennine Ramage • Capstone Realty Services
Mls Name: MLS United
Mls ID: #4128337