754 Palmer 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
Rental property for sale in Hernando at 754 Palmer Dr, Hernando, MS, 38632 priced at $161,867 converts $3,173/mo rent into $2,173/mo cash flow after a $792/mo obligation. Total monthly income equals $3,173/mo, and annual cash flow totals $26,071/yr on $53,659 invested. Return on cash invested prints 68.5% in year one, and rental yield reads 23.52% against a $161,867 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation compiles into $44,721 by year five. Five-year ROI reaches 363.41% and total cumulative return in cash sums $195,000. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,173/mo property income covering a $792/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.47 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A