592 Rowan Oak PlHernandoMS38632
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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 592 Rowan Oak Pl, Hernando, MS, 38632 offers a 9.64% rental yield on a $360,000 purchase with $2,892/mo rent. Total monthly income registers $2,892/mo, and a $1,762/mo payment leaves $689/mo available for distribution. Annual cash flow reaches $8,268/yr on $119,340 to close, and return on cash invested stands at 26.84% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 139.89% and total cumulative return in cash at $166,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,892/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.28 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
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Listed by: Pamela R Colvin • Keller Williams Realty - Getwell
Mls Name: MLS United
Mls ID: #4108068
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.