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$439,900

For Sale - Active
12086 Thompson Dr, Olive Branch, MS 38654
4 Beds
3 Baths
0 Square Feet
1.16 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 30, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$721
Cap Rate
3.7%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.3%

Property Description


1.16 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Just Renovated - Spacious 4-Bedroom Home on Over 1 Acre in Olive Branch! Welcome to 12086 Thompson Dr, Olive Branch, MS - a beautifully renovated home that perfectly blends comfort, space, and functionality. Nestled on over an acre of land, this stunning property offers room to grow, entertain, and enjoy peaceful country living with the convenience of city access. Inside, you'll find four generously sized bedrooms, including three massive bedrooms on the main floor, each featuring walk-in closets for abundant storage. A fourth bedroom is located upstairs, along with a spacious game room or bonus area—ideal for a home theater, playroom, or private retreat. The home boasts three full bathrooms, all updated with modern finishes and designed for both style and comfort. The open-concept floor plan provides seamless flow between the main living spaces, with plenty of natural light and tasteful upgrades throughout. Whether you're hosting guests or enjoying a quiet night in, the large living room and dining areas offer plenty of space for any occasion. Step outside and you'll discover the real gem of this property: a massive backyard complete with a huge deck, perfect for outdoor dining, grilling, or relaxing under the stars. Also included is a detached building featuring a garage and workshop, providing additional parking, storage, or a dream setup for hobbyists, woodworkers, or mechanics. Additional highlights include: Brand-new renovations throughout the home Ample yard space for gardening, recreation, or even a pool Located in a quiet, established neighborhood with no HOA Desirable Center Hill school district and easy access to shopping, dining, and commuter routes Don't miss your chance to own this unique and spacious home in one of Olive Branch's most sought-after areas. Owner/Agent

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Location


Property Details


Parking

  • Description: Garage Door Opener, Garage Faces Side, Direct Access
  • Details: Attached, Detached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential (Assumed)

Lot Information

  • Parcel ID: 1059300400004900
  • Lot Size: 50529 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1998

Tax Information

  • Annual Tax: $2,717

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Dual, Electric

Location

  • County: De Soto

Listing Details


Listed by:
Ed Schreiner
Signature Realty LLC
(901) 652-7355

Source:
MLS United
MLS#: 4120874
MLS United

Investment Summary


Monthly Cash Flow
-$721
Cap Rate
3.7%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.3%

Purchase Details

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Purchase price:
$439,900
Amount financed:
-$351,920
Down payment:
$87,980
Closing costs:
$13,197
Rehab costs:
$0
Initial cash invested:
$101,177
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$351,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,082
Property tax:
$226
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,469

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$226-$2,717
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$801-$9,617

Cash Flow


Monthly Yearly
Net operating income:
$1,361 $16,332
Mortgage payments:
-$2,082 -$24,984
Cash flow:
$721 $8,652