5700 Honey Oak DrHernandoMS38632
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5700 Honey Oak Dr, Hernando, MS, 38632 earns $512/mo cash flow from $2,347/mo rent with a $1,468/mo payment. Total monthly income totals $2,347/mo, and annual cash flow totals $6,138/yr on $99,450 capital. ROI tracks 26.08% on current figures, and rental yield reads 9.39% at a $299,999 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 135.86% and total cumulative return in cash sums $135,108. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,347/mo property income instead of your personal income.
Single Family
Built in 2007
1.53 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany M Wiseman • RE/MAX Realty Group
Mls Name: MLS United
Mls ID: #4126036