$459,000
Investment Summary
- Monthly Cash Flow
- -$850
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.7%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
The finest things in life await you at 10053 Kingston Road in Bay St Louis, MS. Just inside the front door, the entryway greets you with natural light during the day thanks to the vertically paned windows. Beyond the entryway, angular ceilings with recessed lights in the living room conveys an appreciable vastness. 2,640 square feet are yours to dream with, including three spacious bedrooms and one ultra-spacious master bedroom. The master bath is equipped with both a shower and powerful jetted tub. A walk-in closet provides you with ample space to store your greatest threads. A masterfully created tiered bedroom ceiling gives depth, nuance, and the feeling of space. All of your guests will feel welcome and at ease in the guest bedrooms, as the guest bathroom is just a couple steps out of any of the three bedrooms, and the hungry visitor will find the kitchen is just a straight shot across the large living room. That kitchen - freshly renovated and complete with quartz countertops and island - neatly conceals a walk-in pantry. Just off the kitchen is the laundry/utility room - providing you with enough room for the necessities as well as cabinet storage and even space for some tools and a deep freezer. There is a half bath connected to the laundry room equipped with the same renovation upgrades as the other two full baths. The laundry room has a surprisingly great view outside, with two windows that overlook the property and one that is fully enclosed to the front porch. The natural light in this house is stunning - with a total of 29 windows, including a dedicated sunroom with pivoting crank panes. The sunroom boasts as much unabashed square footage as the living room and has three exit points - one to the eastern sunrise deck, one to the back staircase, and another to the electronic elevator lift - capable of holding 1,000 lbs. Enjoy the natural beauty of the sunrise every morning on the spacious, back deck. Under the house is an enclosed shed. A parking pad to the east of the house can be a great spot to store your camper, your boat, or even design a basketball court. So many potential dreams All of this aformentioned and the best part is, it sits on three acres of land, routed out by the county to reduce flooding. 10053 Kingston Rd is the last house on the street, giving you a private drive feel but the perks of city maintenance. You would now have the ability to boast that you live in the country - in town. A beach town to be exact, and in fact, 1.5 miles from the beach, so buy a golf cart and ride your way over to the town's main street and get some fresh oysters on the half shell and sip a margarita while watching the water gently toss. This property is a straight 1 minute drive to Oschner hospital. Highway 90 is likewise only 1 minute away, but there are enough properties in between this home and the highway that you only hear a faint relaxing murmur as cars shuffle by. Got kids? School can be accessed without even touching Highway 90. Take the back route through the meadow - Green Meadow and Blue Meadow, respectively, and you are right there. Grab your medications at the pharmacy across the street and do some shopping in the strip mall. Turn right back around and head back down the 'meadows and you're home. No traffic. Tons of access, an appreciable amount of privacy, lots of square footage, and the serenity of country living. This is literally the best of all worlds. This is your dream come true. Come look at this property today. Seller is offering concessions toward buyers closing costs.
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Location
Property Details
Parking
- Description: Covered, Concrete
- Details: Covered, Concrete
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
- Foundation: Raised
- Roof Type: Hip
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 137F126002.002
- Lot Size: 130680 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2007
Tax Information
- Annual Tax: $4,626
Utilities
- Water & Sewer: Public
- Heating: Heat Pump
- Cooling: Ceiling Fan(s), Electric
Location
- County: Hancock
Listing Details
Investment Summary
- Monthly Cash Flow
- -$850
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.7%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $459,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$367,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $91,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $13,770 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $105,570 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $367,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.810% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $2,396 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $386 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $196 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $2,978 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 14% | -$386 | -$4,626 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$196 | -$2,352 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$224 | -$2,688 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$140 | -$1,680 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$140 | -$1,680 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 39% | -$1,086 | -$13,026 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,546 | $18,552 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$2,396 | -$28,752 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $850 | $10,200 |