1268 S Lake Dr · Hernando, MS
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $1,241 – $2,305
Heat risk 7/10 · Major
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 4/10 · Minor
- Chance of severe wind over 30 yrs
- 21.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +12.8/30.0
- ARV discount +8.7/15.0
- Schools +4.0/10.0
- DSCR +3.8/10.0
- Livability +3.5/5.0
- 1% rule +3.1/10.0
- Condition / age +2.5/5.0
- Rent growth +2.4/5.0
- Appreciation +0.0/10.0
$314,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
Key facts
- Gated community
- Large bonus room
- Formal dining room
Tags
Property features AI
Finance
- HOA & community: Property is part of an association
Exterior
- Parking: Attached enclosed garage with direct access; 2 garage spaces; Concrete surface; Garage door opener
- Security: Dead bolt locks
- Utilities: Public water; Public sewer; Electricity connected; Natural gas connected
- Home design: Single family house; One and one-half stories; Move-in ready
- Construction: Brick construction; Architectural shingle roof; Slab foundation; Built according to assessor records
- Exterior features: Private yard; Patio; Rear porch; Rain gutters; Fenced yard (wood and wrought iron); Yard with views
Interior
- Kitchen: Dishwasher; Electric range; Microwave; Eat-in kitchen (open to living areas)
- Bedrooms: Primary bedroom on main level (spacious); Additional bedrooms on main level (nice, two listed)
- Flooring: Carpet; Ceramic tile; Combination of flooring types
- Bathrooms: Two full bathrooms; Bathroom on main level with tub/shower combo; Primary bathroom on main level includes large closet and laundry access
- Heating & cooling: Natural gas heating with fireplace insert; Central electric air; Ceiling fans
- Interior features: Open floorplan; Eat-in kitchen; Double pane windows; Shutters; Vinyl windows; Dead bolt locks; Metal insulated doors
- Laundry & utility: Washer hookup; Washer hookup inside (in bathroom); Electric dryer hookup; Laundry located on main level (accessible from primary bathroom)
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $315k.
Deal economics
- At list price, monthly cash flow is $-27 ($-319/yr) — negative.
- To cash-flow at today's rent, offer at most $310k (1.5% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $256k (18.6% below list).
- Recommended offer: $256k (18.6% below list) — sets the bar for 1% rule.
- Cap rate 6.2% vs local median 4.3% in Hernando — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 70/100 on livability (#44 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
- Desoto County School District (suburban): math 48% / reading 42% proficiency, ranked #20 of 130 in MS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Hernando Hills Elementary (math 68% / reading 61%, grade B, #16 of 375 statewide, top 4%, 692 students, 100% FRL); Hernando Middle School (math 75% / reading 57%, grade A-, #2 of 179 statewide, top 1%, 1,150 students, 100% FRL); Hernando High School (math 69% / reading 62%, grade B, #2 of 197 statewide, top 1%, 1,419 students, 100% FRL) — zoned schools average 100% FRL vs 43% district-wide (56 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 65% at this address vs 45% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Desoto County School District average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents soft (-0.4%/yr); 407 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,155 units permitted in DeSoto County in 2024 (0 in 5+ unit buildings).
- This rent runs 33% of the median local income ($94k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
- DeSoto County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 67 days — a 6% lower offer ($296k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 67 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.81% ✗
- Cap rate
- 6.19%
- Cash-on-cash
- -0.36%
- DSCR
- 0.98
- GRM
- 10.2
CMA / ARV
- ARV (on-the-fly)
- $323,268
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 120 N Parkway St | 0.35mi | 3/2.0 | 2,110 (+3%) | 2mo | $319,900 | $152 | 77 |
| 1123 Tara Dr | 0.28mi | 4/2.0 (+1) | 2,100 (+3%) | 3mo | $309,900 | $148 | 75 |
| 1231 Cross Creek Dr | 0.11mi | 3/2.5 | 2,255 (+10%) | 3mo | $306,200 | $136 | 74 |
| 509 Howell Way | 0.31mi | 4/2.0 (+1) | 1,979 (-3%) | 2mo | $336,000 | $170 | 74 |
| 1123 Peggy Cv | 0.49mi | 3/2.0 | 1,979 (-3%) | 2mo | $349,900 | $177 | 69 |
| 521 Abey Ln | 0.36mi | 4/2.0 (+1) | 2,150 (+5%) | 2mo | $335,500 | $156 | 68 |
| 148 Forked Creek Pkwy | 0.44mi | 4/3.0 (+1) | 2,074 (+1%) | 2mo | $324,900 | $157 | 66 |
| 67 E Shady Lane Cv | 0.53mi | 4/3.0 (+1) | 2,124 (+4%) | 0mo | $359,900 | $169 | 60 |
| 815 Saddle Creek Cv | 0.52mi | 4/2.5 (+1) | 2,214 (+8%) | 0mo | $349,900 | $158 | 55 |
| 124 E Pebble Creek Cv | 0.47mi | 4/3.0 (+1) | 2,211 (+8%) | 2mo | $349,900 | $158 | 54 |
| 445 Augusta Dr | 0.63mi | 4/2.0 (+1) | 2,247 (+10%) | 1mo | $345,000 | $154 | 49 |
| 1070 W Green T Lk | 0.59mi | 4/2.5 (+1) | 2,300 (+12%) | 1mo | $425,000 | $185 | 44 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -20.1%
- Equity multiple
- 0.32×
- Total profit
- $-60,270
- Equity at exit
- $46,953
- IRR
- -21.0%
- Equity multiple
- 0.05×
- Total profit
- $-83,845
- Equity at exit
- $27,227
Cash invested: $88,172 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Mississippi
- 90 Strongly Landlord-Friendly · R+11
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 38632
- Home prices YoY
- -31.8%
- Rents YoY
- -0.4%
- Active inventory
- 407
- Price-to-rent
- 10.2×
Monthly cashflow live
- Estimated rent
- $2,563 high interval (Pro) →
- Mortgage (P&I)
- −$1,651
- Tax from tax record
- −$211 /mo · $2,528/yr
- Insurance
- −$131
- HOA
- −$58
- Vacancy / Maint / Mgmt
- −$538
- Net cashflow
- $-27
Break-even live
Sensitivity live
| Price | -10% $152 | -5% $63 | +0% $-27 | +5% $-116 | +10% $-205 |
|---|---|---|---|---|---|
| Rent | -10% $-229 | -5% $-128 | +0% $-27 | +5% $75 | +10% $176 |
| Rate | -1.0pp $132 | -0.5pp $53 | base $-27 | +0.5pp $-108 | +1.0pp $-191 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $78,725
- Closing costs
- $9,447
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 10 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1324 Biloxi St Hernando, MS | 3.0 | 2.0 | 1594 | $1,950 | $1.22 | 25d | 1 | 0.19mi |
| 52 Forked Creek Pkwy Hernando, MS | 4.0 | 2.0 | 2300 | $2,340 | $1.02 | 45d | 1 | 0.49mi |
| 89 Shady Lane Cv E Hernando, MS | 4.0 | 2.5 | 2500 | $2,650 | $1.06 | 13d | 1 | 0.52mi |
| 1670 Timber Creek Dr Hernando, MS | 3.0 | 2.0 | 1672 | $1,945 | $1.16 | 45d | 1 | 0.66mi |
| 814 Byhalia Rd Hernando, MS | 4.0 | 3.0 | 2531 | $2,400 | $0.95 | 3d | 1 | 0.98mi |
| 2159 Timberlane St Hernando, MS | 4.0 | 2.5 | 2150 | $4,500 | $2.09 | 6d | 1 | 1.01mi |
| 237 US-51 Hernando, MS | 4.0 | 4.0 | 2986 | $3,400 | $1.14 | 45d | 1 | 1.04mi |
| 2441 Memphis St Hernando, MS | 2.0 | 2.5 | 1520 | $2,200 | $1.45 | 3d | 1 | 1.22mi |
| 947 Clubhouse Dr Hernando, MS | 4.0 | 2.0 | 1713 | $2,495 | $1.46 | 45d | 1 | 1.24mi |
| 272 Fairway Trace Dr Lot $3800 Hernando, MS | 4.0 | 2.0 | 2000 | $3,800 | $1.90 | 45d | 1 | 1.49mi |
HOA detail
- Monthly dues
- $58 · $696/yr
- Likely covers
- gassecurity
Listing history 24 events
-
2026-06-21pricedays on market $314,900 Active 67 DOM
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2026-06-18days on market $319,000 Active 64 DOM
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2026-06-17days on market $319,000 Active 63 DOM
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2026-06-16days on market $319,000 Active 62 DOM
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2026-06-15days on market $319,000 Active 61 DOM
-
2026-06-13days on market $319,000 Active 59 DOM
-
2026-06-10days on market $319,000 Active 56 DOM
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2026-06-09days on market $319,000 Active 55 DOM
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2026-06-08days on market $319,000 Active 54 DOM
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2026-06-07days on market $319,000 Active 53 DOM
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2026-06-03days on market $319,000 Active 49 DOM
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2026-06-02days on market $319,000 Active 48 DOM
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2026-06-01days on market $319,000 Active 47 DOM
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2026-05-31days on market $319,000 Active 46 DOM
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2026-05-01status Pending 930-char remark
Show marketing remark (930 chars)
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
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2026-05-01status Pending
Show marketing remark (930 chars)
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
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2026-04-20price $319,000 930-char remark
Show marketing remark (930 chars)
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
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2026-04-20price $319,000
Show marketing remark (930 chars)
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
-
2026-03-18$325,000 Active 930-char remark
Show marketing remark (930 chars)
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
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2026-03-18$325,000 Active
Show marketing remark (930 chars)
Welcome to Cross Creek Subdivision. A gated community on the outskirts of Hernando. This 3 bed/2 bath brick home has a split floor plan, a large bonus room upstairs, and a two-car garage. The large living room has a gas log fireplace in the corner and you can see right into the kitchen and breakfast area. This home also has a formal dining room on the other side of the kitchen. The master bedroom leads to the master bathroom with a large walk-in closet, jacuzzi tub, and a walk-in shower. The laundry room is off of the master bathroom. On the other side of the home is two bedrooms and one full bath. There is a covered patio connected to the back of the home with a fenced back yard. From the patio you can enjoy the view of the pond. The community also offers a pond and playground. This home is approx. 20 mins. from The University of Mississippi - DeSoto Center and approx. 30 mins from The Memphis International Airport.
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2014-07-31soldstatus
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2014-07-29soldstatus 765-char remark
Show marketing remark (765 chars)
GREAT HOME WITH OPEN FLOOR PLAN IN GATED COMMUNITY!! THIS WONDERFUL HOME OFFERS A SPLIT PLAN WITH 3 BEDROOMS, 2 FULL BATHS PLUS A LARGE GAME ROOM UPSTAIRS. THE SPACIOUS GREAT ROOM OFFERS A CORNER GAS LOG FIREPLACE AND A NICE VIEW INTO THE KITCHEN. THE KITCHEN OFFERS A BREAKFAST AREA AND IS OPEN TO THE GREAT ROOM. THE FORMAL DINING ROOM IS JUST OFF THE KITCHEN. THE MASTER BEDROOM OFFERS A PRIVATE SALON BATH WITH A LARGE WALK IN CLOSET, JACUZZI TUB AND WALK IN SHOWER. THERE IS ALSO A LAUNDRY ROOM IN THE MASTER BATH. ON THE OTHER SIDE OF HOME, YOU WILL FIND 2 ADDITIONAL BEDROOMS AND A FULL BATH. THE UPSTAIRS COMES WITH A LARGE GAME ROOM. THERE IS A NICE COVERED PATIO ON THE BACK OF HOME. THIS GATED COMMUNITY ALSO FEATURES A LARGE LAKE AND A PLAY GROUND AREA.
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2014-05-28$212,500 765-char remark
Show marketing remark (765 chars)
GREAT HOME WITH OPEN FLOOR PLAN IN GATED COMMUNITY!! THIS WONDERFUL HOME OFFERS A SPLIT PLAN WITH 3 BEDROOMS, 2 FULL BATHS PLUS A LARGE GAME ROOM UPSTAIRS. THE SPACIOUS GREAT ROOM OFFERS A CORNER GAS LOG FIREPLACE AND A NICE VIEW INTO THE KITCHEN. THE KITCHEN OFFERS A BREAKFAST AREA AND IS OPEN TO THE GREAT ROOM. THE FORMAL DINING ROOM IS JUST OFF THE KITCHEN. THE MASTER BEDROOM OFFERS A PRIVATE SALON BATH WITH A LARGE WALK IN CLOSET, JACUZZI TUB AND WALK IN SHOWER. THERE IS ALSO A LAUNDRY ROOM IN THE MASTER BATH. ON THE OTHER SIDE OF HOME, YOU WILL FIND 2 ADDITIONAL BEDROOMS AND A FULL BATH. THE UPSTAIRS COMES WITH A LARGE GAME ROOM. THERE IS A NICE COVERED PATIO ON THE BACK OF HOME. THIS GATED COMMUNITY ALSO FEATURES A LARGE LAKE AND A PLAY GROUND AREA.
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2002-02-26soldstatus
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MS · Resets to sale price
- Current annual tax
- $2,528 · $211/mo
- Projected year-2 tax
- $2,528 · $211/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 4/10 Moderate
- Heat 7/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
- Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $30,754
- − Mortgage interest
- −$17,639
- − Property taxes
- −$2,528
- − Insurance
- −$1,574
- − Repairs & maintenance
- −$2,460
- − Management
- −$2,460
- − HOA
- −$696
- − Depreciation
- −$9,161
- Taxable loss
- −$5,765
- Est. tax savings @ 24.0%
- +$1,384
- After-tax cash flow
- $1,064/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Desoto County School District
- NCES district ID
- 2801320
- Math proficiency
- 48% ▼ -13.00%
- Reading proficiency
- 42% ▼ -6.00%
- Median HH income
- $59,272
- Composite
- 39.56/100
- National rank
- #3933
- State rank
- #20 of 130 in MS
Livability — Hernando
- Score
- 70/100
- State rank
- #44
- US rank
- #8034
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Hernando, MS
- County
- DeSoto County · 176,513 people
- Metro
- Memphis, TN-MS-AR
- Population (ZIP)
- 31,374
- Household income
- $93,583
- Rent vs Own
- Severe rent burden
- 24.0
Population outlook (DeSoto County) Hauer SSP2
- Today (2025)
- 203,338 people
- By 2030
- 217,692 · +7.1%
- By 2040
- 245,320 · +20.6%
- By 2050
- 270,133 · +32.8%
- By 2075
- 323,341 · +59.0%
- By 2100
- 348,742 · +71.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (81%)
- Race & ethnicity
- White 81% Black 13% Two or more races 4% Hispanic / Latino 2%
- Common ancestry
- Italian 2% Serbian 2% Slovak 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 98% English-only · Spanish 1% Arabic 1%
Political lean MEDSL · DeSoto
- 2024 margin
- Strong R (+24.1) · D 36.7% · R 60.8% · Other 2.5%
- 2008→2024 swing
- +14.2pp toward D · 2008: -38.2pp · 2024: -24.1pp
- All cycles
- 2024: R+24.1 2020: R+23.9 2016: R+34.8 2012: R+33.5 2008: R+38.2
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -82.49%
- Current HPI
- 176.8843
- Rent YoY
- ▼ -0.43%
- Metro
- Memphis, TN-MS-AR
- State GDP YoY
- —
- F500 in state
- 0
Price history
+50.1% since first listed10 events — show timeline
- 2026-05-01 Pending — NCMBR
- 2026-05-01 Pending — MLSU
- 2026-04-20 Price Changed $319,000 NCMBR
- 2026-04-20 Price Changed $319,000 MLSU
- 2026-03-18 Listed $325,000 NCMBR
- 2026-03-18 Listed $325,000 MLSU
- 2014-07-31 Sold (Public Records) — Public Records
- 2014-07-29 Sold (MLS) — MLSU
- 2014-05-28 Listed $212,500 MLSU
- 2002-02-26 Sold (Public Records) — Public Records
Property tax history
+3.9%/yrLatest (2025): $2,528 · +147.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…