784 Wells 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 784 Wells Dr, Hernando, MS, 38632 priced at $408,900 converts $3,331/mo rent into $829/mo cash flow after a $2,001/mo obligation. Total monthly income equals $3,331/mo, and annual cash flow totals $9,949/yr on $135,550 invested. Return on cash invested prints 27.25% in year one, and rental yield reads 9.78% against a $408,900 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,972 by year five. Five-year ROI reaches 142.13% and total cumulative return in cash sums $192,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,331/mo property income covering a $2,001/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.63 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: Amy M McBride • Sky Lake Realty LLC
Mls Name: MLS United
Mls ID: #4127839