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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 701 Shadow View Dr, Hernando, MS, 38632 generates $3,995/mo in rent and, after a $2,129/mo payment, leaves $1,333/mo in cash flow. Total monthly income is $3,995/mo, and annual cash flow is $15,999/yr on $144,169 invested. Return on cash invested sits at 31.01% in year one, and rental yield is 11.02% on a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 162.28% and total cumulative return in cash sums $233,957. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,995/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
0.46 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-09-20 | Listed for sale | $434,900 |
| 2010-06-14 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2664.74 | N/A | $21,369 | N/A |
| 2022-10-16 | $2664.74 | N/A | $21,369 | N/A |
| 2021-10-16 | $2664.74 | 8.04% | $21,369 | 7.17% |
Listed by: Chad Barnette • Dream Maker Realty
Mls Name: MLS United
Mls ID: #4091878
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
