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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 569 Walkers Way, Hernando, MS, 38632 priced at $412,000 converts $3,305/mo rent into $783/mo cash flow after a $2,017/mo obligation. Total monthly income equals $3,305/mo, and annual cash flow totals $9,400/yr on $136,578 invested. Return on cash invested prints 26.79% in year one, and rental yield reads 9.63% against a $412,000 entry. Equity gained on principal adds $2,659/yr, while 5% annual appreciation compiles into $113,828 by year five. Five-year ROI reaches 139.68% and total cumulative return in cash sums $190,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,305/mo property income covering a $2,017/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.35 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 |
|---|---|---|
| 2024-09-13 | Price change | $412,000 |
| 2024-08-29 | Listed for sale | $420,000 |
| 2021-11-18 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2549.16 | N/A | $20,536 | N/A |
| 2022-10-16 | $2549.16 | N/A | $20,536 | N/A |
| 2021-10-16 | $2549.16 | 8.01% | $20,536 | 7.10% |
Listed by: Taz A Zettergren • Premier Realty Group, Llc
Mls Name: MLS United
Mls ID: #4089976
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
