4910 Koko Reef Dr, Hernando, MS, 38632 | $637/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4910 Koko Reef Dr, Hernando, MS, 38632 | $637/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hernando at 4910 Koko Reef Dr, Hernando, MS, 38632 generates $1,855/mo in rent and, after a $954/mo payment, leaves $637/mo in cash flow. Total monthly income is $1,855/mo, and annual cash flow is $7,645/yr on $64,643 invested. Return on cash invested sits at 31.74% in year one, and rental yield is 11.42% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 166.42% and total cumulative return in cash sums $107,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,855/mo property income rather than buyer’s personal income.

Single Family

Built in 1991

1.07 Acres lot

$N/A/sqft

$300 annually HOA

More details about the property

Lakefront Getaway or Everyday Escape! Imagine waking up to the shimmer of Koko Reef 61 acre lake, coffee in hand, and the promise of a perfect day on the water. Whether you're looking for a peaceful weekend retreat or a full-time home, this 3-bedroom, 1-bath gem sits on 1.07 acres of lakefront blisscomplete with your own private dock for fishing, boating, or just soaking in the view. The home is solid and well-maintained with central heat & air and a good roof, ready for you to bring your style and updates. Neighborhood perks include a boat ramp and pavilion for gatherings, and you're only minutes from I-269 for quick trips to town. With county taxes keeping costs low, this is your chance to own a slice of waterfront paradise at a great value.

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