








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 2849 Maggie Cv, Hernando, MS, 38632 priced at $439,900 converts $3,427/mo rent into $730/mo cash flow after a $2,153/mo obligation. Total monthly income equals $3,427/mo, and annual cash flow totals $8,760/yr on $145,827 invested. Return on cash invested prints 25.92% in year one, and rental yield reads 9.35% against a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,536 by year five. Five-year ROI reaches 134.97% and total cumulative return in cash sums $196,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,427/mo property income covering a $2,153/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.73 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 |
|---|---|---|
| 2024-09-04 | Price change | $439,900 |
| 2024-07-12 | Price change | $449,900 |
| 2022-08-26 | Pending sale | $438,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3009.69 | 11.07% | $21,693 | N/A |
| 2022-10-16 | $2709.69 | N/A | $21,693 | N/A |
| 2021-10-16 | $2709.69 | 7.88% | $21,693 | 7.04% |



Listed by: Kelly A Leonard • Real Estate Agency LLC
Mls Name: MLS United
Mls ID: #4085230
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.