872 Cardinal LnHernandoMS38632
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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
Investment Highlights
Rental property for sale in Hernando at 872 Cardinal Ln, Hernando, MS, 38632 priced at $250,000 converts $1,870/mo rent into $340/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,870/mo, and annual cash flow totals $4,077/yr on $82,875 invested. Return on cash invested prints 24.83% in year one, and rental yield reads 8.98% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 129.13% and total cumulative return in cash sums $107,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,870/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
2,613 sqft 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: Garrin W Windham • Keller Williams Realty - MS
Mls Name: MLS United
Mls ID: #4122475