671 Lucas LnHernandoMS38632
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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
Rental property for sale in Hernando at 671 Lucas Ln, Hernando, MS, 38632 generates $3,210/mo in rent and, after a $1,952/mo payment, leaves $736/mo in cash flow. Total monthly income is $3,210/mo, and annual cash flow is $8,832/yr on $132,235 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 9.66% on a $398,900 entry. Equity gained on principal adds $2,574/yr, while 5% annual appreciation builds toward $110,209 over five years. Five-year ROI reaches 138.71% and total cumulative return in cash sums $183,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,210/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.52 Acres lot
$N/A/sqft
$400 annually 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: Tammy Aldridge • Legacy Homes Realty, LLC
Mls Name: MLS United
Mls ID: #4092883
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.