221 Magnolia Gardens Dr, Hernando, MS, 38632 | $618/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

221 Magnolia Gardens Dr, Hernando, MS, 38632 | $618/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1927 sft

109 Cross Creek Dr, Senatobia, MS, 38668

4 Bed
3 Bath
2169 sft

204 Eagle View Dr, Senatobia, MS, 38668

4 Bed
2 Bath
2344 sft

151 Luke Ln, Coldwater, MS, 38618

4 Bed
3 Bath
2100 sft

106 Cross Creek Dr, Senatobia, MS, 38668

Nearby investment properties with comparable prices

4 Bed
3 Bath
2078 sft

207 Cadet Dr, Senatobia, MS, 38668

4 Bed
2 Bath
2075 sft

190 Cadet Dr, Senatobia, MS, 38668

4 Bed
2 Bath
2075 sft

196 Cadet Dr, Senatobia, MS, 38668

4 Bed
3 Bath
2163 sft

2780 N Crockett Rd, Sarah, MS, 38665

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Hernando at 221 Magnolia Gardens Dr, Hernando, MS, 38632 offers $2,536/mo rent that, after a $1,517/mo payment, leaves $618/mo cash flow. Total monthly income is $2,536/mo, and annual cash flow is $7,421/yr on $102,765 cash. Return on cash invested measures 27.13% in year one, and rental yield stands at 9.82% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 141.59% and total cumulative return in cash reaches $145,507. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,536/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2019

9,147 sqft lot

$N/A/sqft

$250 annually HOA

More details about the property

Beautiful 2-story plan with 4 bedrooms and 2.5 baths. A large great room with a corner gas log fireplace and hardwood flooring from the entry through the family room. An eat-in kitchen with a bay window dining. The kitchen has plenty of granite counter area, custom cabinets and stainless steel appliances. The primary suite is on the ground floor with a beautiful salon bath that includes a large corner jetted tub, tiled walk-in shower, double sinks and a large walk-in closet. Also on the ground floor is the laundry area and a convenient half bath. Upstairs is a full bath, hall linen closet and 3 bedrooms. Outside is a fully fenced yard, covered patio, gutters and front shutters. Schedule a viewing to see all the features!

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

Price History

Date	Event	Price
2024-09-09	Listed for sale	$310,000
2019-02-21	Sold	N/A

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2023-10-16	$1809.86	N/A	$13,045	N/A
2022-10-16	$1809.86	N/A	$13,045	N/A
2021-10-16	$1809.86	7.40%	$13,045	7.40%

Nearby investment properties with comparable rents

4 Bed
2 Bath
1927 sft

109 Cross Creek Dr, Senatobia, MS, 38668

4 Bed
3 Bath
2169 sft

204 Eagle View Dr, Senatobia, MS, 38668

4 Bed
2 Bath
2344 sft

151 Luke Ln, Coldwater, MS, 38618

4 Bed
3 Bath
2100 sft

106 Cross Creek Dr, Senatobia, MS, 38668

Nearby investment properties with comparable prices

4 Bed
3 Bath
2078 sft

207 Cadet Dr, Senatobia, MS, 38668

4 Bed
2 Bath
2075 sft

190 Cadet Dr, Senatobia, MS, 38668

4 Bed
2 Bath
2075 sft

196 Cadet Dr, Senatobia, MS, 38668

4 Bed
3 Bath
2163 sft

2780 N Crockett Rd, Sarah, MS, 38665

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: SingleFamily
Year Built: 2019
Architectural Style: Traditional
Building Area: 1,899
Living Area: 1,899 sqft
Property Condition: N/A

Features & Amenities

Heating: Central, Natural Gas
Cooling: Central Air, Dual, Electric
Flooring: Carpet, Combination, Tile, Wood
Interior Features: Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Eat-in Kitchen, Granite Counters, Pantry, Other, Double Vanity
Exterior Features: Private Yard, Rain Gutters
Parking Features: Attached, Garage Door Opener, Garage Faces Front, Concrete

Location

City: Hernando
State: MS
Subdivision: Magnolia Commons
Lot Size: 9,147 sqft
Lot Features: Landscaped
View: N/A

HOA & Fees

HOA Fee: $250 annually
Association Fee: $250 annually
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: Management

Utilities

Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: Hernando
Middle School: Hernando
High School: Hernando

Listed by: Pamela R Colvin • Keller Williams Realty - Getwell

Mls Name: MLS United

Mls ID: #4090926

221 Magnolia Gardens Dr,Hernando,MS,38632

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

221 Magnolia Gardens DrHernandoMS38632