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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 230 Magnolia Gardens Dr, Hernando, MS, 38632 listed at $364,900 pairs $2,504/mo rent with a $1,786/mo payment to leave $271/mo cash flow. Total monthly income runs $2,504/mo, and annual cash flow reaches $3,252/yr on $120,964 cash to close. Return on cash invested measures 22.6% in year one, and rental yield registers 8.23% at a $364,900 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,815 by year five. Five-year ROI tracks 117.15% and total cumulative return in cash totals $141,708. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,504/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
10,018 sqft 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 |
|---|---|---|
| 2025-08-14 | Listed for sale | $364,900 |
| 2018-08-14 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-21 | $1592.27 | N/A | $13,639 | N/A |
| 2023-08-21 | $1592.27 | N/A | $13,639 | N/A |
| 2022-08-21 | $1592.27 | N/A | $13,639 | N/A |
Listed by: Christy A Gowen • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4122447
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
