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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 2144 Mount Pleasant Rd, Hernando, MS, 38632 offers a 7.82% rental yield on a $459,000 purchase with $2,992/mo rent. Total monthly income registers $2,992/mo, and a $2,247/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,193/yr on $152,159 to close, and return on cash invested stands at 21.35% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 110.47% and total cumulative return in cash at $168,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,992/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
1 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 |
|---|---|---|
| 2025-01-26 | Listed for sale | $459,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $1805.80 | 8.22% | $15,178 | 6.97% |
| 2022-01-29 | $1668.58 | 79.80% | $14,189 | N/A |
| 2021-01-29 | $928.03 | N/A | $14,189 | N/A |
Listed by: Marty Pickard • United Real Estate Mid-South
Mls Name: MLS United
Mls ID: #4101977
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
