462 Fairway Oaks DrHernandoMS38632
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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
Investment property for sale in Hernando at 462 Fairway Oaks Dr, Hernando, MS, 38632 with 5% annual appreciation on a $312,000 basis while $2,320/mo rent supports operations. Total monthly income totals $2,320/mo and a $1,527/mo payment preserves $411/mo for cash returns. Annual cash flow comes to $4,930/yr on $103,428 deployed, and return on cash invested reaches 24.68% in year one. Equity gained on principal adds $2,013/yr, and five-year appreciation sums $86,200 alongside rental yield of 8.92%. Five-year ROI measures 128.3% and total cumulative return in cash totals $132,695.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,320/mo property income versus a $1,527/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1995
6,969 sqft 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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Listed by: Kay Hodge • Elect Realty Group
Mls Name: MLS United
Mls ID: #4076011
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.