3219 McKenna WayHernandoMS38632
Nearby investment properties with comparable rents
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 3219 McKenna Way, Hernando, MS, 38632 priced at $495,400 pairs $3,464/mo rent with $413/mo cash flow after a $2,425/mo payment. Total monthly income equals $3,464/mo, and annual cash flow comes to $4,961/yr on $164,225 invested. Return on cash invested is 22.93% in year one, and rental yield stands at 8.39% on a $495,400 basis. Equity gained on principal adds $3,197/yr, and 5% annual appreciation accumulates to $136,870 by year five. Five-year ROI measures 119.01% and total cumulative return in cash reaches $195,448. For financing, Ziffy Mortgage’s DSCR program evaluates $3,464/mo property income against a $2,425/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.69 Acres lot
$N/A/sqft
$225 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: Vicki Blackwell • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4093112
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.