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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% |
Rental property for sale in Hernando at 3395 Tates Way, Hernando, MS, 38632 generates $2,684/mo in rent and, after a $1,713/mo payment, leaves $539/mo in cash flow. Total monthly income is $2,684/mo, and annual cash flow is $6,472/yr on $116,025 invested. Return on cash invested sits at 25.49% in year one, and rental yield is 9.2% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 132.7% and total cumulative return in cash sums $153,962. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,684/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
10,018 sqft 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 |
|---|---|---|
| 2025-06-24 | Listed for sale | $350,000 |
| 2017-10-20 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-29 | $2379.53 | N/A | $19,296 | N/A |
| 2023-06-29 | $2379.53 | N/A | $19,296 | N/A |
| 2022-06-29 | $2379.53 | N/A | $19,296 | N/A |
Listed by: Tina D Martin • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4117301
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.
