672 Lucas Ln, Hernando, MS, 38632 | $717/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hernando at 672 Lucas Ln, Hernando, MS, 38632 offers $3,210/mo rent that, after a $1,967/mo payment, leaves $717/mo cash flow. Total monthly income is $3,210/mo, and annual cash flow is $8,608/yr on $133,230 cash. Return on cash invested measures 26.37% in year one, and rental yield stands at 9.58% at a $401,900 entry. Equity gained on principal adds $2,593/yr while 5% annual appreciation compounds into $111,038 by year five. Five-year ROI records 137.53% and total cumulative return in cash reaches $183,228. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,210/mo property income versus a $1,967/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2024

0.69 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