687 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
Investment property for sale in Hernando at 687 Lucas Ln, Hernando, MS, 38632 earns $626/mo cash flow from $3,210/mo rent with a $2,067/mo payment. Total monthly income totals $3,210/mo, and annual cash flow totals $7,507/yr on $140,026 capital. ROI tracks 25.27% on current figures, and rental yield reads 9.12% at a $422,400 purchase. Equity gained on principal adds $2,726/yr, and 5% annual appreciation supports $116,701 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash sums $184,144. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,210/mo property income instead of your personal income.
Single Family
Built in 2025
0.46 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: Tammy Aldridge • Legacy Homes Realty, LLC
Mls Name: MLS United
Mls ID: #4124897