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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 3320 Snowdowns Rdg, Hernando, MS, 38632 with 5% annual appreciation on a $230,000 basis while $1,600/mo rent supports operations. Total monthly income totals $1,600/mo and a $1,126/mo payment preserves $178/mo for cash returns. Annual cash flow comes to $2,132/yr on $76,245 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 8.35%. Five-year ROI measures 117.84% and total cumulative return in cash totals $89,851.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,600/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
6,240 sqft lot
$N/A/sqft
$175 annually 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 |
|---|---|---|
| 2024-09-19 | Price change | $230,000 |
| 2024-07-12 | Price change | $245,000 |
| 2024-04-26 | Listed for sale | $260,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | N/A | N/A | $3,088 | N/A |
| 2022-10-16 | N/A | N/A | $3,088 | N/A |
| 2021-10-16 | N/A | N/A | $3,088 | N/A |
Listed by: Jon Lovell • United Real Estate Mid-South
Mls Name: MLS United
Mls ID: #4077870
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
