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$574,800

For Sale - Active
1025 Monet Cv, Brandon, MS 39047
4 Beds
3 Baths
0 Square Feet
0.50 Acres Lot
Built in 1999
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 26, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$273
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Property Description


0.50 Acres Lot
Built in 1999
For Sale - Active
Units n/a

1025 Monet Cove - FOX BAY - WATERFRONT - LOCATION-LOCATION-LOCATION Stop the Zillow search, call your agent, you found it — this is real. A true waterfront bargain in Fox Bay has officially hit the market, and it comes with all the goods: views, boat dock, updates galore, and a price that'll make you wonder, ''Am I reading this right?'' You are. It's the waterfront deal you've been waiting for. Over 3,000 square feet, all on one level, with 4 bedrooms, 2.5 baths, and a split floor plan that actually works. Tucked at the end of a quiet cul-de-sac, this home nails the lifestyle trifecta: boating, entertaining, and serious porch-sitting. The sunroom is fully heated and cooled — basically serenity blended and served chilled, just right. The kitchen was fully redone in 2024 with quartz counters, stainless appliances, a pot filler (yes, cooking just got fun again), and hardware that shines in all the right ways. The master bath? Already remodeled and guaranteed to make your current bathroom feel... well, old. The backyard flex is where this home shines: a private dock with two slips, lush landscaping, and plenty of space to host everything from casual cookouts to a full-blown neighborhood fish fry. Inside, you'll find high ceilings, formal dining, a large utility room, fresh finishes from top to bottom, new lighting, updated knobs and pulls, and even a brand-new roof in 2023. Move-in ready without the endless ''weekend projects.'' Fox Bay delivers the extras: community pool, clubhouse, tennis courts, walking trails, and wide-open green space. Zoned for Northshore Elementary and Northwest Rankin schools. Bottom line: Waterfront homes at this price in Fox Bay almost never hit the market. It's rare, it's a steal, and it won't wait on you. Schedule your showing today — because by the time you finish debating it, someone else will already be tying their boat to your dock.

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Location


Property Details


Parking

  • Description: Circular Driveway, Covered, Driveway, Garage Faces Front, Storage
  • Details: Attached, Garage Faces Front
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Type: Hip

HOA

  • Has HOA: Yes
  • HOA Fee: $42/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: I12L00000400530
  • Lot Size: 21780 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Traditional
  • Year Built: 1999

Tax Information

  • Annual Tax: $3,252

Utilities

  • Water & Sewer: Public
  • Heating: Central, Fireplace(s), Natural Gas
  • Cooling: Central Air, Gas

Location

  • County: Rankin

Listing Details


Listed by:
Austin Prowant
Southern Homes Real Estate
(601) 383-0693

Source:
MLS United
MLS#: 4115668
MLS United

Investment Summary


Monthly Cash Flow
-$273
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Purchase Details

Find an Agent

Purchase price:
$574,800
Amount financed:
-$459,840
Down payment:
$114,960
Closing costs:
$17,244
Rehab costs:
$0
Initial cash invested:
$132,204
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$459,840
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,720
Property tax:
$271
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,271

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$271-$3,252
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (1%)
1%-$42-$504
Total operating expenses: (33%)
33%-$1,313-$15,756

Cash Flow


Monthly Yearly
Net operating income:
$2,447 $29,364
Mortgage payments:
-$2,720 -$32,640
Cash flow:
$273 $3,276