1990 E Parkway StHernandoMS38632
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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
Investment Highlights
Investment property for sale in Hernando at 1990 E Parkway St, Hernando, MS, 38632 uses $77,869 cash to close to unlock $6,459/yr annual cash flow and $538/mo monthly cash flow. Total monthly income runs $1,976/mo, and a $1,150/mo payment keeps the spread at $538/mo. Purchase price stands at $234,900, and rental yield measures 10.09% with $1,976/mo rent. Return on cash invested shows 28.2% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 147.29% and total cumulative return in cash records $114,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,976/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1992
5,662 sqft 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: Missy Belew • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4088952
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.