$1,599,000
Investment Summary
- Monthly Cash Flow
- -$5,926
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -19.3%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -14.7%
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
SOMERSET | A Southern Masterpiece on 46± Acres Welcome to SOMERSET, an extraordinary Southern Estate where timeless elegance meets refined craftsmanship. This private retreat is gracefully set on 46.10± acres of rolling pastures, manicured grounds, and wooded beauty. A stately brick and iron gated entrance introduces the property, leading to a striking red-brick manor wrapped in iconic white columns, sweeping porches, and balconies. Behind the home, a resort-style pool, fully equipped barn and workshop, and a 9-acre stocked fishing lake complete this unparalleled offering. Built in 2015 by a highly regarded local builder, the residence was designed with no detail spared. With 5,098 square feet of refined interior space—and 8,650 square feet under roof including generous porches—this classic Southern home features 5 bedrooms, 5 bathrooms, and expansive living areas designed for comfort, entertainment, and lasting impressions. Main Features Include: • Architectural Grandeur: Classic red brick exterior with white trim and black shutters, arched windows framed by towering two-story columns and wraparound porches that exude timeless plantation style. • Elegant Interiors: Hickory hand-scraped hardwood floors, soaring 20-foot ceilings in the great room, and 10-foot ceilings throughout the rest of the home. The Grand Vista Fountain greets guests with a showstopping first impression. • Gourmet Kitchen: A chef's dream with dual Aspen white granite islands, Bertazzoni oven and gas range with vent a hood, a butler's pantry between dining room and kitchen with a built-in bar complete with beverage cooler, sink and ice maker. • Living & Entertaining Spaces: Formal living room, fireside great room, sunlit keeping room with stunning views, spacious dining room, home office near primary bedroom, and a generous mudroom/laundry with sink and extensive storage. • Primary Suite Retreat: Located on the main level, the owner's suite overlooks the back acreage and resort-style pool. Spa-like bath with custom walk-in shower, soaking tub, dual vanities, and expansive his-and-her walk-in closets. • Upstairs Living: Three oversized guest bedrooms, each with incredible views all three rooms have access to the upstairs wraparound porch. The upstairs landing offers a dramatic overlook to the great room below. Outdoor Living at Its Finest Step into your own private paradise where comfort and beauty come together seamlessly. Just beyond the back door, a spacious covered porch invites you to relax in the shade, catch the game on the outdoor TV, or simply unwind in comfort. Beyond the porch, the backyard transforms into a tropical retreat. At its heart is a stunning gunite saltwater pool with a natural stone waterfall and slide—surrounded by stacked stone accents that enhance its resort-style feel. A nearby seating area centers around a charming wood-burning brick fireplace, perfect for cozy evenings outdoors. Lush, mature tropical landscaping and vibrant flowering plants complete the setting, creating a serene and visually captivating escape. The grounds are professionally maintained and thoughtfully designed for both relaxation and entertainment. Property Highlights: • 9-acre fully stocked fishing lake directly behind the home • Fenced pastures ideal for horses • 2 stall horse barn with tack room, wash rack, and hay storage • Workshop: Large rear workshop—perfect for equipment, tractors, or recreational toys • Additional outbuilding, currently used as a gym • Sprinkler irrigation in both front and back yards • Abundant wildlife, deer, and peaceful natural surroundings • 500-gallon buried propane tank, three Trane HVAC units, and three tankless water heaters, plantation shutters, and so much more. Yazoo School District with private schools, Benton Academy and Manchester near by. This magnificent home is a must see!!
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Location
Property Details
Parking
- Details: Garage Faces Side
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Hip
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 115101005.01
- Lot Size: 2003760 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial
- Year Built: 2014
Tax Information
- Annual Tax: $9,286
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Multi Units
Location
- County: Yazoo
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,926
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -19.3%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -14.7%
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:
| $1,599,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,279,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $319,800 |
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:
| $47,970 |
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:
| $367,770 |
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:
| $1,279,200 |
|---|---|
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:
| $7,567 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $774 |
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:
| $245 |
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:
| $8,586 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 22% | -$774 | -$9,286 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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 | 47% | -$1,649 | -$19,786 |
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:
| $1,641 | $19,692 |
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. | -$7,567 | -$90,804 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$5,926 | -$71,112 |