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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 2653 Lamar Pl N, Hernando, MS, 38632 uses $115,992 cash to close to unlock $3,604/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $2,442/mo, and a $1,713/mo payment keeps the spread at $300/mo. Purchase price stands at $349,900, and rental yield measures 8.37% with $2,442/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 119.42% and total cumulative return in cash records $138,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,442/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1.56 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 |
|---|---|---|
| 2025-01-03 | Price change | $349,900 |
| 2024-12-29 | Price change | $365,900 |
| 2024-11-05 | Price change | $369,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $1482.54 | N/A | $17,829 | N/A |
| 2022-01-29 | $1482.54 | N/A | $17,829 | N/A |
| 2021-01-29 | $1482.54 | 8.38% | $17,829 | 6.87% |
Listed by: Tina D Martin • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4095402
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
