7848 Missy Cv, Hernando, MS, 38632 | $292/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7848 Missy Cv, Hernando, MS, 38632 | $292/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hernando at 7848 Missy Cv, Hernando, MS, 38632 offers a 8.22% rental yield on a $399,900 purchase with $2,739/mo rent. Total monthly income registers $2,739/mo, and a $1,957/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,505/yr on $132,567 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 116.96% and total cumulative return in cash at $155,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,739/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1973

3 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't miss out on this hidden gem in the heart of Hernando. This house has over 3900 sq ft of living space, a 2 car detached garage, & a separate workshop on 3 acres. (The home needs work/updating, so cash, bank loan, or renovation loan is needed) Downstairs you will find the living room, which features a wide open area with tall ceilings, there are 3 bedrooms and 2 baths, a large separate den, dining room, office, laundry room, and large eat in kitchen with an island. Upstairs there is a full bath, 2 bedrooms, and an additional room that has been opened up to one of the bedrooms. This room could be closed back up for an additional office space or bonus room. There is a nice balcony to sit and enjoy your morning coffee and look at the large pond acroos the street.

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