11485 Walnut Dr, Hernando, MS 38632
Price: $120,000 (assumed market asking — can be updated)
Beds/Baths: 2 / 2
Sq Ft: 1,384
Year Built: 1965
Investment Overview
Charming single-story 2-bedroom, 2-bath home located in Hernando, Mississippi (38632) — a peaceful, high-demand rental area known for stable tenants and low vacancy rates. With its solid 1965 construction and generous layout of 1,384 sq ft, this property offers excellent long-term potential for both Buy & Hold investors and homeowners seeking a light value-add project.
Investment Summary
Purchase Price: $120,000
Rehab Cost: $10,000 (light cosmetic updates / optional)
After Repair Value (ARV): $145,000
Total Project Cost: $130,000
Rental Analysis
Estimated Monthly Rent: $1,250
Annual Gross Rent: $15,000
Vacancy (3%): –$450
Effective Gross Income: $14,550
Operating Expenses:
Property Management (10%) → $1,500
Property Taxes (est.) → $1,000
Insurance → $1,000
Maintenance → $700
Total Annual Expenses: $4,200
Net Operating Income (NOI): $10,350
Financing (Investor Terms)
Loan Amount (80%): $96,000
Down Payment (20%): $24,000
Interest Rate: 7%
Term: 30 years
Monthly Mortgage (P&I): ~$638
Annual Debt Service: ~$7,656
Cash Flow & Returns
Cash Flow Before Taxes (CFBT):
NOI ($10,350) – Debt Service ($7,656) = $2,694/year (~$225/month positive cash flow)
Cash-on-Cash Return:
$2,694 ÷ $24,000 = 11.2%
Cap Rate:
$10,350 ÷ $130,000 = 7.96%
