$2,475,000
Investment Summary
- Monthly Cash Flow
- -$10,846
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.9%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -18.1%
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
Welcome to the world of extraordinary living, where the mundane becomes magical, and the exceptional becomes a reality. I am thrilled to introduce you to ''The Blue Rose'' - a 170-year-old historic mansion that stands proudly as a living testament to a bygone era. Revered as one of the most significant examples of West Indies style Antebellum homes along the Gulf of Mexico, this captivating estate has been lovingly preserved and restored over the years. Own a Historic Mansion with T4+ Commercial and Residential Zoning: Imagine owning a piece of history and turning your dreams into reality with this truly rare opportunity - The Blue Rose, an iconic landmark historic mansion dating back to circa 1848. What sets this majestic estate apart from others is its unique zoning, allowing it to be a great investment property. Sprawling over approximately 9,359 sq. ft., this grand mansion is a versatile gem that has seen a myriad of prestigious usages over the past 30 years. The Blue Rose is steeped in history, boasting a rich heritage that has left an indelible mark on the nation. Registered with the National Historic Trust, this mansion's architecture exemplifies the unique West Indies style, making it a true treasure for architectural enthusiasts and history aficionados alike. Nestled graciously adjacent to the Pass Christian Harbor, The Blue Rose offers an unrivaled waterfront setting that caters to the most sophisticated tastes. The mansion's privileged location allows residents to indulge in the coastal lifestyle, with the harbor capable of accommodating a boat for those with a penchant for maritime adventures. The grandeur of The Blue Rose unfolds as you step inside, greeted by a majestic entry hall that sets the tone for the oppulence that lies within. The first floor is a symphony of luxury, housing a large commercial kitchen, formal parlor, formal dining room, breakfast room, den, and a spacious office perfect for conducting business in style. Five luxuriously appointed bedroom suites, each with its own private bath, provide an oasis of comfort and relaxation for both residents and guests. For grand celebrations and gatherings, an enormous ballroom complete with a 17 foot hand carved bar and two half baths awaits, setting the stage for memorable soirées. While The Blue Rose boasts its heritage, it does not lack in modern amenities and conveniences. The restoration work done in the mid-2000s, has ensured that the estate is equipped with updated electrical, plumbing, HVAC systems, and more. The second floor kitchen, residential reading nook, and mechanical/laundry area add a touch of practicality to the mansion's splendor. Embrace the tranquil beauty of the surroundings while relaxing on the wrap-around porches of both the first and second floors. The massive back patio, adorned with a charming gazebo, offers an enchanting space to enjoy the coastal breeze and host gatherings with friends and family. With security being a paramount concern, The Blue Rose is equipped with a state-of-the-art security system, allowing residents to enjoy peace of mind in their private haven. The lush landscaping, fountains, and a landscape sprinkler system add to the idyllic ambiance, creating an oasis of serenity within the estate. The Blue Rose is far more than just a mansion; it is an emblem of enduring grace, a symbol of history, and a testament to architectural brilliance. Seller would consider Owner financing - ask for details Schedule your showing today!
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Location
Property Details
Parking
- Description: Carport, Gravel, Guest
- Details: Carport, Gravel, Guest
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- Fireplace: Yes
Exterior Features
- Foundation: Pillar/Post/Pier
- Roof Type: Gable
- Roof Material: Shingle
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0313G03006.000
- Lot Size: 18295 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1848
Tax Information
- Annual Tax: $7,743
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Harrison
Listing Details
Investment Summary
- Monthly Cash Flow
- -$10,846
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.9%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -18.1%
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:
| $2,475,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,980,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $495,000 |
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:
| $74,250 |
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:
| $569,250 |
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:
| $1,980,000 |
|---|---|
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:
| 6.840% |
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:
| $12,961 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $645 |
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:
| $280 |
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:
| $13,886 |
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:
| $4,000 | $48,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$240 | -$2,880 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,760 | $45,120 |
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. | 16% | -$645 | -$7,743 |
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% | -$280 | -$3,360 |
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% | -$320 | -$3,840 |
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% | -$200 | -$2,400 |
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% | -$200 | -$2,400 |
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 | 41% | -$1,645 | -$19,743 |
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:
| $2,115 | $25,380 |
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. | -$12,961 | -$155,532 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $10,846 | $130,152 |