$550,000
Investment Summary
- Monthly Cash Flow
- -$598
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -5.7%
- Debt Coverage Ratio
- 0.79
- Internal Rate of Return (5 years)
- -1.5%
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 Best of Both Worlds — Country Serenity Just Minutes from Gulfport! This stunning property offers the perfect blend of rural living and easy access to modern conveniences. Set on 2 sprawling acres, it's a dream come true for those seeking a lifestyle that balances relaxation, recreation, and entertaining. As you approach, a charming pond adorned with lily pads, visited by geese and deer, sets the tone for this picturesque home. The inviting front porch overlooks this serene view, providing the perfect spot for morning coffee or reflecting on your day creating an atmosphere of calm that will leave you captivated. Step inside to discover a spacious home designed for both comfort and connection. The expansive kitchen is the heart of the home, perfect for hosting gatherings with its layout and ample counter space. A large formal dining room offers an elegant setting for dinners and celebrations. The living room, painted in soothing tones, exudes a sense of relaxation, making it the ideal spot to unwind. The main floor features two generously sized bedrooms, a beautifully designed bathroom, and a versatile flex room with a private door to the backyard. This room can be transformed into whatever suits your needs—an in-law suite, recreation room, game room, man cave, playroom, or even a pool table lounge. The possibilities are endless! The entire second floor is dedicated to an impressive primary suite, a true sanctuary featuring two enormous closets, a massive en-suite bathroom with dual vanities, a luxurious soaking tub, separate shower and three versatile flex areas. Whether you envision a home office, exercise space, craft room, or a private theater, this suite is your personal oasis. Outdoor living is just as impressive. An enclosed back porch with a bar area makes entertaining effortless, while the patio and grilling station are perfect for BBQs, crawfish boils, or simply enjoying the fresh air. With ample parking for RVs, boats, recreation toys, and vehicles, you'll have everything you need to embrace an active lifestyle.This home also offers exclusive access to Robinwood Lake. This unique property is located close to city amenities, pristine beaches, top casinos, the Grand Bear Golf Course and the majestic DeSoto National Forest, offering miles of hiking and outdoor adventures. Whether you're looking to relax at home, explore nature, play a round of golf or entertain loved ones, this home delivers it all. Come experience the lifestyle you've been dreaming of—where every detail has been crafted to inspire joy, comfort, and endless possibilities. FEATURES LIST : *Freshly painted interior and exterior *Extended the outdoor patio area *New AC unit- upstairs with efficient climate control *Fenced in the backyard *Concrete poured to park recreational vehicles *Roof maintained with all new screws * New upgraded shower with built in bench and new shower doors installed in downstairs bathroom with Bluetooth Fan with Alexa integration. New sink and toilet also installed. * Upstairs bathroom features new shower doors, sinks, and countertops * New dock overlooking pond * Dog Kennel installed on side of house with doggy door access from the home. * 470 square foot screened-in back porch with ceiling fans and bar area featuring drawers, cabinets for storage and custom LED remote-controlled lighting for year-round relaxing and entertaining *Custom built outdoor kitchen which includes a sink, prep area, drawers for storage, plugs for electricity, a ceramic grill and a 2 burner Blackstone (ceramic grill and Blackstone will convey with an acceptable offer) * New front door and double french doors * Updated flooring with Plush carpet, Pergo flooring and durable laminate * concrete pad for parking recreational vehicles, boats and trailers behind fence in backyard. * Transferable Home Warranty * Active termite baiting system paid through December 2025
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Location
Property Details
Parking
- Description: Concrete, Driveway, Garage Faces Side, Parking Pad, Paved
- Details: Concrete, Driveway, Garage Faces Side, Parking Pad, Paved
- Garage Spaces: 2
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Exterior Features
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0605A01031.000
- Lot Size: 95832 sqft
Property Information
- Property Type: Single Family Residence
- Style: See Remarks
- Year Built: 2001
Tax Information
- Annual Tax: $2,528
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Harrison
Listing Details
Investment Summary
- Monthly Cash Flow
- -$598
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -5.7%
- Debt Coverage Ratio
- 0.79
- Internal Rate of Return (5 years)
- -1.5%
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:
| $550,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$440,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $110,000 |
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:
| $16,500 |
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:
| $126,500 |
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:
| $440,000 |
|---|---|
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:
| 6.810% |
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:
| $2,871 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $211 |
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:
| $252 |
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:
| $3,334 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 6% | -$211 | -$2,528 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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 | 31% | -$1,111 | -$13,328 |
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:
| $2,273 | $27,276 |
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. | -$2,871 | -$34,452 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $598 | $7,176 |