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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 653 Ridge View Dr, Hernando, MS, 38632 priced at $399,900 pairs $3,322/mo rent with $861/mo cash flow after a $1,957/mo payment. Total monthly income equals $3,322/mo, and annual cash flow comes to $10,326/yr on $132,567 invested. Return on cash invested is 27.7% in year one, and rental yield stands at 9.97% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 144.58% and total cumulative return in cash reaches $191,660. For financing, Ziffy Mortgage’s DSCR program evaluates $3,322/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
0.42 Acres lot
$N/A/sqft
$175 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 |
|---|---|---|
| 2024-09-19 | Listed for sale | $399,900 |
| 2015-07-07 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2398.77 | N/A | $19,452 | N/A |
| 2022-10-16 | $2398.77 | N/A | $19,452 | N/A |
| 2021-10-16 | $2398.77 | 8.04% | $19,452 | 7.09% |
Listed by: Christy L Rayburn • Crye-leike Hernando
Mls Name: MLS United
Mls ID: #4091772
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
