7401 Michael DrHernandoMS38632
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7401 Michael Dr, Hernando, MS, 38632 at $605,000 posts ROI 17.53% with from $3,282/mo rent. Total monthly income equals $3,282/mo. Return on cash invested measures 17.53% and rental yield reads 6.51% at the current $605,000. Equity gained on principal adds $3,904/yr, and 5% annual appreciation supports $167,150 by year five. Five-year ROI prints 89.94% and total cumulative return in cash totals $179,026. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,282/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
3 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth A Thomas • RE/MAX Realty Group
Mls Name: MLS United
Mls ID: #4111579
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.