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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 5288 Grays Valley Dr, Hernando, MS, 38632 offers a 9.7% rental yield on a $611,100 purchase with $4,940/mo rent. Total monthly income registers $4,940/mo, and a $2,991/mo payment leaves $1,150/mo available for distribution. Annual cash flow reaches $13,805/yr on $201,052 to close, and return on cash invested stands at 26.93% in year one. Equity gained on principal adds $3,943/yr while 5% annual appreciation supports $168,836 over five years. Portfolio math shows five-year ROI at 140.47% and total cumulative return in cash at $282,413. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,940/mo property income against a $2,991/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
2.73 Acres lot
$N/A/sqft
$600 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 |
|---|---|---|
| 2024-08-09 | Listed for sale | $611,100 |
| 2024-08-07 | Listing removed | N/A |
| 2024-03-15 | Price change | $620,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Frankie L Bryant • Dream Maker Realty
Mls Name: MLS United
Mls ID: #4087930
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
