








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 75 Cobblestone Ln N, Hernando, MS, 38632 priced at $379,000 converts $3,144/mo rent into $825/mo cash flow after a $1,855/mo obligation. Total monthly income equals $3,144/mo, and annual cash flow totals $9,897/yr on $125,639 invested. Return on cash invested prints 27.79% in year one, and rental yield reads 9.95% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 145% and total cumulative return in cash sums $182,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,144/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.45 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $379,000 |
| 2024-12-04 | Listing removed | $379,000 |
| 2024-12-03 | Price change | $379,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $2387.39 | N/A | $19,370 | N/A |
| 2023-03-20 | $2387.39 | N/A | $19,370 | N/A |
| 2022-03-20 | $2387.39 | N/A | $19,370 | N/A |



Listed by: Linda Worsham • Crye-Leike Of MS-SH
Mls Name: MLS United
Mls ID: #4106500
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.