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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% |
Rental property for sale in Hernando at 2605 Wheeler Rd, Hernando, MS, 38632 priced at $749,000 converts $2,659/mo rent into after a $3,666/mo obligation. Total monthly income equals $2,659/mo. Return on cash invested prints 10.69% in year one, and rental yield reads 4.26% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 53.27% and total cumulative return in cash sums $131,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,659/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 2022
19.90 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 |
|---|---|---|
| 2025-03-19 | Listed for sale | $749,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $2633.73 | 0.03% | $26,073 | 0.03% |
| 2023-03-26 | $2632.82 | 3247.94% | $26,064 | 3324.97% |
| 2022-03-26 | $78.64 | -3.71% | $761 | -3.79% |
Listed by: Paul Perry • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4107156
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
