250 Vaiden Ridge Cv · Hernando, MS 38632

$260,000

3 bd · 2.0 ba · 1,633 sqft · Other public records · 6 Days on market

Built 2010 3,920 sqft lot $159/sqft · 14% below area Est $304k · 14% under

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Why this score? — see what drove the C- 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 +15.5/30.0
• ARV discount +14.0/15.0
• DSCR +4.8/10.0
• Schools +4.0/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking in Vaiden Ridge! This home is full of potential and ready for its next chapter. Tucked away on a quiet cove, this property offers a great layout with spacious living areas and a functional floor plan just waiting for your personal touch. Inside, you'll find a generous living space, a kitchen with plenty of room to reimagine, and bedrooms that offer flexibility for family, guests, or a home office. With a little vision and TLC, this home could truly shine. The cove location adds privacy and low traffic, while still being conveniently located near schools, shopping, and everyday essentials. Whether you're an investor or a buyer looking to create your dream home, this is a fantastic opportunity you don't want to miss. Bring your ideas and make it your own!

Key facts

• 3,920 sq ft lot
• 2 garage spots
• Built 2010

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $260k.

Deal economics

• At list price, monthly cash flow is $105 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (14.6% below list).
• Recommended offer: $222k (14.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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.
• Market conditions: Rents soft (-0.4%/yr); 407 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,155 units permitted in DeSoto County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 4y 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.

Recommended offer $222,141 (14.6% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.85% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.74%
• DSCR: 1.08
• GRM: 9.8

CMA / ARV

• ARV (median comp): $303,823
• List price: $260,000
• Delta: -14.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -16.7%
• Equity multiple: 0.42×
• Total profit: $-41,986
• Equity at exit: $38,767

10-year hold

• IRR: -14.6%
• Equity multiple: 0.27×
• Total profit: $-53,308
• Equity at exit: $22,480

Cash invested: $72,800 (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

3-day pay-or-quit; very landlord-favorable; no rent control.

Methodology + full state rankings →

ZIP-level market 38632

• Home prices YoY: -31.8%
• Rents YoY: -0.4%
• Active inventory: 407
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,221 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$178 /mo · $2,133/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $105

Break-even live

Break-even rent $2,088

Max offer price $260,000

Occupancy floor 90%

Sensitivity live

Price	-10% $253	-5% $179	+0% $105	+5% $32	+10% $-42
Rent	-10% $-70	-5% $18	+0% $105	+5% $193	+10% $281
Rate	-1.0pp $236	-0.5pp $172	base $105	+0.5pp $38	+1.0pp $-31

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
249 Vaiden Ridge Cv Hernando, MS	3.0	2.5	2240	$2,300	$1.03	2d	1	0.02mi
2948 Mount Pleasant S Hernando, MS	3.0	2.0	1557	$2,090	$1.34	18d	1	0.12mi
285 Maidelle Cv Hernando, MS	3.0	1.0	1150	$1,395	$1.21	3d	1	0.18mi
285 Maidelle Cv Hernando, MS	3.0	1.0	1150	$1,395	$1.21	2d	1	0.18mi
2441 Memphis St Hernando, MS	2.0	2.5	1520	$2,200	$1.45	2d	1	0.68mi
493 Southern St Hernando, MS	3.0	3.0	1200	$1,000	$0.83	3d	1	0.69mi
2159 Timberlane St Hernando, MS	4.0	2.5	2150	$4,500	$2.09	5d	1	1.01mi
3426 Clepsyda Dr Hernando, MS	3.0	2.0	1943	$1,995	$1.03	44d	1	1.17mi
1670 Timber Creek Dr Hernando, MS	3.0	2.0	1672	$1,945	$1.16	44d	1	1.37mi

Listing history 14 events

1. 2026-05-13
   status Pending 796-char remark

   Show marketing remark (796 chars)

   Opportunity is knocking in Vaiden Ridge! This home is full of potential and ready for its next chapter. Tucked away on a quiet cove, this property offers a great layout with spacious living areas and a functional floor plan just waiting for your personal touch. Inside, you'll find a generous living space, a kitchen with plenty of room to reimagine, and bedrooms that offer flexibility for family, guests, or a home office. With a little vision and TLC, this home could truly shine. The cove location adds privacy and low traffic, while still being conveniently located near schools, shopping, and everyday essentials. Whether you're an investor or a buyer looking to create your dream home, this is a fantastic opportunity you don't want to miss. Bring your ideas and make it your own!

2. 2026-05-07
   status Active 796-char remark

   Show marketing remark (796 chars)

   Opportunity is knocking in Vaiden Ridge! This home is full of potential and ready for its next chapter. Tucked away on a quiet cove, this property offers a great layout with spacious living areas and a functional floor plan just waiting for your personal touch. Inside, you'll find a generous living space, a kitchen with plenty of room to reimagine, and bedrooms that offer flexibility for family, guests, or a home office. With a little vision and TLC, this home could truly shine. The cove location adds privacy and low traffic, while still being conveniently located near schools, shopping, and everyday essentials. Whether you're an investor or a buyer looking to create your dream home, this is a fantastic opportunity you don't want to miss. Bring your ideas and make it your own!

3. 2026-05-07
   price $260,000 796-char remark

   Show marketing remark (796 chars)

   Opportunity is knocking in Vaiden Ridge! This home is full of potential and ready for its next chapter. Tucked away on a quiet cove, this property offers a great layout with spacious living areas and a functional floor plan just waiting for your personal touch. Inside, you'll find a generous living space, a kitchen with plenty of room to reimagine, and bedrooms that offer flexibility for family, guests, or a home office. With a little vision and TLC, this home could truly shine. The cove location adds privacy and low traffic, while still being conveniently located near schools, shopping, and everyday essentials. Whether you're an investor or a buyer looking to create your dream home, this is a fantastic opportunity you don't want to miss. Bring your ideas and make it your own!

4. 2026-04-07
   listed $270,000 796-char remark

   Show marketing remark (796 chars)

   Opportunity is knocking in Vaiden Ridge! This home is full of potential and ready for its next chapter. Tucked away on a quiet cove, this property offers a great layout with spacious living areas and a functional floor plan just waiting for your personal touch. Inside, you'll find a generous living space, a kitchen with plenty of room to reimagine, and bedrooms that offer flexibility for family, guests, or a home office. With a little vision and TLC, this home could truly shine. The cove location adds privacy and low traffic, while still being conveniently located near schools, shopping, and everyday essentials. Whether you're an investor or a buyer looking to create your dream home, this is a fantastic opportunity you don't want to miss. Bring your ideas and make it your own!

5. 2026-04-07
   historical 796-char remark

   Show marketing remark (796 chars)

   Opportunity is knocking in Vaiden Ridge! This home is full of potential and ready for its next chapter. Tucked away on a quiet cove, this property offers a great layout with spacious living areas and a functional floor plan just waiting for your personal touch. Inside, you'll find a generous living space, a kitchen with plenty of room to reimagine, and bedrooms that offer flexibility for family, guests, or a home office. With a little vision and TLC, this home could truly shine. The cove location adds privacy and low traffic, while still being conveniently located near schools, shopping, and everyday essentials. Whether you're an investor or a buyer looking to create your dream home, this is a fantastic opportunity you don't want to miss. Bring your ideas and make it your own!

6. 2025-02-20
   historical $1,999
7. 2025-02-06
   listed $1,999
8. 2022-11-10
   status Pending 466-char remark

   Show marketing remark (466 chars)

   Move in ready 3 bed, two bath home with an incredible lot to play on!!! Fully fenced in, private backyard. Upstairs has a room that can be added and can add a bathroom as well! As it is, easy living on one level, owners currently use unfinished upstairs room as storage! Super clean home, freshly painted kitchen and living room, neutral colors- move right in!! Also- cul-de-sac lot!!! Which means big backyard and perfect place to ride bikes and play in the front!

9. 2022-11-03
   price $270,000 466-char remark

   Show marketing remark (466 chars)

   Move in ready 3 bed, two bath home with an incredible lot to play on!!! Fully fenced in, private backyard. Upstairs has a room that can be added and can add a bathroom as well! As it is, easy living on one level, owners currently use unfinished upstairs room as storage! Super clean home, freshly painted kitchen and living room, neutral colors- move right in!! Also- cul-de-sac lot!!! Which means big backyard and perfect place to ride bikes and play in the front!

10. 2022-11-02
    status Active 466-char remark

    Show marketing remark (466 chars)

    Move in ready 3 bed, two bath home with an incredible lot to play on!!! Fully fenced in, private backyard. Upstairs has a room that can be added and can add a bathroom as well! As it is, easy living on one level, owners currently use unfinished upstairs room as storage! Super clean home, freshly painted kitchen and living room, neutral colors- move right in!! Also- cul-de-sac lot!!! Which means big backyard and perfect place to ride bikes and play in the front!

11. 2022-11-01
    status Pending 466-char remark

    Show marketing remark (466 chars)

    Move in ready 3 bed, two bath home with an incredible lot to play on!!! Fully fenced in, private backyard. Upstairs has a room that can be added and can add a bathroom as well! As it is, easy living on one level, owners currently use unfinished upstairs room as storage! Super clean home, freshly painted kitchen and living room, neutral colors- move right in!! Also- cul-de-sac lot!!! Which means big backyard and perfect place to ride bikes and play in the front!

12. 2022-10-28
    listed $280,000 Active 466-char remark

    Show marketing remark (466 chars)

    Move in ready 3 bed, two bath home with an incredible lot to play on!!! Fully fenced in, private backyard. Upstairs has a room that can be added and can add a bathroom as well! As it is, easy living on one level, owners currently use unfinished upstairs room as storage! Super clean home, freshly painted kitchen and living room, neutral colors- move right in!! Also- cul-de-sac lot!!! Which means big backyard and perfect place to ride bikes and play in the front!

13. 2010-02-04
    soldstatus $1,400,000
14. 2008-12-31
    soldstatus $1,400,000

ⓘ 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: $2,133 · $178/mo
• Projected year-2 tax: $2,133 · $178/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 6/10 Major 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,657
• − Mortgage interest: −$14,564
• − Property taxes: −$2,133
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,133
• − Management: −$2,133
• − Depreciation: −$7,564
• Taxable loss: −$3,169
• Est. tax savings @ 24.0%: +$760
• After-tax cash flow: $2,025/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

Amenities F Commute F Cost of living A+ Crime A+ Employment A- Housing A+ Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando, MS
• County: DeSoto County · 176,513 people
• City population: 31,374
• Metro: Memphis, TN-MS-AR
• Population (ZIP): 31,374
• Household income: $93,583
• Rent vs Own: 11.8% rent · 88.2% 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

-81.4% since first listed

14 events — show timeline

• 2026-05-13 Pending — MLSU
• 2026-05-07 Relisted — MLSU
• 2026-05-07 Price Changed $260,000 MLSU
• 2026-04-07 Listing Removed — MLSU
• 2026-04-07 Listed $270,000 MLSU
• 2025-02-20 Rental Removed $1,999 APPFOLIO
• 2025-02-06 Listed for Rent $1,999 APPFOLIO
• 2022-11-10 Pending — MLSU
• 2022-11-03 Price Changed $270,000 MLSU
• 2022-11-02 Relisted — MLSU
• 2022-11-01 Pending — MLSU
• 2022-10-28 Listed $280,000 MLSU
• 2010-02-04 Sold (Public Records) $1,400,000 Public Records
• 2008-12-31 Sold (Public Records) $1,400,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,133 · +13.5% YoY. Source: county tax records.