$750,000
Investment Summary
- Monthly Cash Flow
- -$938
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -6.5%
- Debt Coverage Ratio
- 0.74
- Internal Rate of Return (5 years)
- -2.3%
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
Sophisticated & Custom Built, 1 Story Home on 2.68 Acres in East Brandon! The Treasure Trove of Extras are Almost Too Many to Name! The Incredible Kitchen is Perfection! 3 Attached Garage Spaces! Additional, Detached Garage For a Boat or Possibly 2 More Cars! Central Vac System! Tons of Indoor, Garage & Floored, Attic Storage! Covered Porch & Patio! Large, Fenced Back Yard! Unfenced, Back Half of Property Is Wooded! Free Safe! Almost Every Space is Oversized! The Finishes are Virtually Unmatched! 2 Tankless Water Heaters! No Carpet! 3D Virtual Tour Available - Be sure to click the virtual tour link. This stately 5 bedroom, 3.5 bathroom split plan home with 5 garage spaces is conveniently located between the East Brandon I-20 exit & Downtown Brandon, all near Shiloh Park. The large front yard and huge covered porch welcome guests into the foyer of this masterfully constructed home. Upon entering the home, the attention to detail is evident, with high ceilings, custom tile entry, wood floors, beautiful crown moulding, wood shutters and trim work accentuating every corner of the home. The large foyer is open to the grand living room directly ahead and the elegant dining room to the right. The dining room reveals a space surrounded by wainscoting and wood shutters, providing private access to the kitchen via the wet bar w/display cabinetry, ice maker and walk-in pantry. The exquisite kitchen is larger than life, featuring a huge kitchen island, granite counters, custom oak cabinetry w/over & under lighting, storage for days, Bosch double oven, built-in microwave and Thermador 6 burner cooktop w/pull out spice drawers on either side and a pot filler. The breakfast bar and key drop/organization nook transition the room to a large keeping/dining area, set apart by a ventless gas fireplace w/hearth, mantel and entertainment center. This space overlooks the backyard and provides direct access to the covered patio. A brick archway, matching the brick at the breakfast bar, provides the transition into the living room. Also overlooking the covered patio, the living room boasts an enormous ventless gas fireplace w/hearth and mantel w/custom shelving and storage on either side. The primary suite is another showpiece, off the kitchen, on a long hall connecting it to the garage. Outside of the tray ceiling, the real charm is in its impressive bathroom and closet spaces. Separate vanities, step-up soaking tub, separate shower w/seat and additional handheld spray head, makeup vanity and more beautiful trim work stand out. The bathroom creates the beginning of a U-shaped space, leading through a wildly large bedroom sized closet, complete w/5ft tall safe, built-ins and dressing mirror, and connecting to the laundry room & built-in office on the same hall off the kitchen. Off a private hall on the opposite side of the home, to the left of the living room fireplace, are 2 bedrooms and a guest accessible Jack and Jill bathroom. On the other side of the fireplace is another private hall w/2 more bedrooms connected by Jack and Jill bathrooms. Each secondary bedroom is generously sized and has its own vanity and walk-in closet. Other highlights of the spaces off the kitchen hall are a guest half bath, walk-in closet for the built-in office and the laundry room, which provides a counter, as well as space for an additional fridge and deep freeze. The real feeling of being out of the city w/one's own private oasis starts with the covered patio w/tongue and groove ceiling, expansive deck, fenced backyard and a view of your own personal woods. The backyard privately connects to the detached garage that could be used for a boat, cars, ATV, workshop, storage, etc. If that's not enough, the 3 car attached garage provides ample room as well for all of your needs and easy access to the extensively floored attic. Call today for your private tour.
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Garage Door Opener
- Details: Attached, Detached, Driveway, Garage Door Opener, Garage Faces Side, Storage, Concrete
- Garage Spaces: 5
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Hip
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: J0800005100151
- Lot Size: 116740 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2015
Tax Information
- Annual Tax: $5,927
Utilities
- Water & Sewer: Public
- Heating: Central, Fireplace(s), Hot Water
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Rankin
Listing Details
Investment Summary
- Monthly Cash Flow
- -$938
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -6.5%
- Debt Coverage Ratio
- 0.74
- Internal Rate of Return (5 years)
- -2.3%
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:
| $750,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$600,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $150,000 |
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:
| $22,500 |
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:
| $172,500 |
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:
| $600,000 |
|---|---|
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:
| 5.875% |
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:
| $3,549 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $494 |
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:
| $315 |
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:
| $4,358 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 11% | -$494 | -$5,927 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 36% | -$1,619 | -$19,427 |
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:
| $2,611 | $31,332 |
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. | -$3,549 | -$42,588 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$938 | -$11,256 |