6778 Richardson 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 6778 Richardson Ln, Hernando, MS, 38632 generates $2,908/mo in rent and, after a $2,178/mo payment, leaves $185/mo in cash flow. Total monthly income is $2,908/mo, and annual cash flow is $2,218/yr on $147,518 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 7.84% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 110.81% and total cumulative return in cash sums $163,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,908/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
3.01 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: Gay S Young • eXp Realty
Mls Name: MLS United
Mls ID: #4111370
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.