








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Hernando at 204 E South St, Hernando, MS, 38632 with 5% annual appreciation on a $339,000 basis while $2,665/mo rent supports operations. Total monthly income totals $2,665/mo and a $1,659/mo payment preserves $507/mo for cash returns. Annual cash flow comes to $6,089/yr on $112,379 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $2,188/yr, and five-year appreciation sums $93,659 alongside rental yield of 9.43%. Five-year ROI measures 132.15% and total cumulative return in cash totals $148,504.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,665/mo property income versus a $1,659/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2022
3,920 sqft lot
$N/A/sqft
$1,000 annually 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $339,000 |
| 2023-07-31 | Listing removed | N/A |
| 2023-06-13 | Price change | $339,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $520.28 | -74.17% | $3,750 | -74.17% |
| 2023-05-06 | $2014.23 | 416.10% | $14,518 | 416.10% |
| 2022-05-06 | $390.28 | N/A | $2,813 | N/A |



Listed by: Leah A Kimberlin • Keller Williams Realty - Getwell
Mls Name: MLS United
Mls ID: #4111583
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.