








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 3500 Lake Grove Dr, Hernando, MS, 38632 at $515,000 posts ROI 23.91% with $544/mo cash flow from $3,696/mo rent. Total monthly income equals $3,696/mo, and annual cash flow records $6,530/yr on $169,435 to close. Return on cash invested measures 23.91% and rental yield reads 8.61% at the current $515,000. Equity gained on principal adds $3,323/yr, and 5% annual appreciation supports $142,285 by year five. Five-year ROI prints 124.21% and total cumulative return in cash totals $210,457.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,696/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2002
2.43 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 |
|---|---|---|
| 2024-11-27 | Listed for sale | $515,000 |
| 2021-05-03 | Sold | N/A |
| 2021-02-04 | Price change | $391,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $3084.71 | 7.36% | $22,213 | 7.37% |
| 2022-01-29 | $2873.27 | 56.78% | $20,689 | N/A |
| 2021-01-29 | $1832.72 | 0.16% | $20,689 | N/A |



Listed by: Leigh Graves • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4097814
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.