2317 Spring Ridge DrHernandoMS38632
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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 2317 Spring Ridge Dr, Hernando, MS, 38632 earns $1,028/mo cash flow from $3,779/mo rent with a $2,139/mo payment. Total monthly income totals $3,779/mo, and annual cash flow totals $12,335/yr on $144,866 capital. ROI tracks 28.42% on current figures, and rental yield reads 10.38% at a $437,000 purchase. Equity gained on principal adds $2,820/yr, and 5% annual appreciation supports $120,735 over five years. Five-year ROI reaches 148.63% and total cumulative return in cash sums $215,308. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,779/mo property income instead of your personal income.
Single Family
Built in 2022
0.25 Acres lot
$N/A/sqft
$550 annually 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: Brennan Bynum • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4088544
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.