285 E Oak Grove RdHernandoMS38632
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Nearby investment properties with comparable prices
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
Rental property for sale in Hernando at 285 E Oak Grove Rd, Hernando, MS, 38632 offers $2,489/mo rent that, after a $1,410/mo payment, leaves $726/mo cash flow. Total monthly income is $2,489/mo, and annual cash flow is $8,714/yr on $95,472 cash. Return on cash invested measures 29.04% in year one, and rental yield stands at 10.37% at a $288,000 entry. Equity gained on principal adds $1,858/yr while 5% annual appreciation compounds into $79,569 by year five. Five-year ROI records 151.73% and total cumulative return in cash reaches $144,864. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,489/mo property income versus a $1,410/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
0.33 Acres lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Leon T Nguyen • Best Real Estate Company, Llc
Mls Name: MLS United
Mls ID: #4099831
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.