2407 Scott Meadows LnHernandoMS38632
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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 2407 Scott Meadows Ln, Hernando, MS, 38632 earns $713/mo cash flow from $3,210/mo rent with a $1,977/mo payment. Total monthly income totals $3,210/mo, and annual cash flow totals $8,559/yr on $133,893 capital. ROI tracks 26.3% on current figures, and rental yield reads 9.54% at a $403,900 purchase. Equity gained on principal adds $2,606/yr, and 5% annual appreciation supports $111,590 over five years. Five-year ROI reaches 137.14% and total cumulative return in cash sums $183,616. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,210/mo property income instead of your personal income.
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
$300 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: Dawn Sandifer • Legacy Homes Realty, LLC
Mls Name: MLS United
Mls ID: #4093821
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.