650 Smokestack 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 650 Smokestack Dr, Hernando, MS, 38632 at $575,000 posts ROI 21.27% with $191/mo cash flow from $3,709/mo rent. Total monthly income equals $3,709/mo, and annual cash flow records $2,288/yr on $189,175 to close. Return on cash invested measures 21.27% and rental yield reads 7.74% at the current $575,000. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 by year five. Five-year ROI prints 110.01% and total cumulative return in cash totals $208,115.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,709/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2019
1.57 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: Chris Peaks • Crye-Leike Of MS-OB
Mls Name: MLS United
Mls ID: #4129004