




$723,711
Investment Summary
- Monthly Cash Flow
- -$1,442
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -10.4%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -6.1%
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
Beautiful waterfront home overlooking the Bay of St. Louis and Jourdan River with easy access to both by boat. Open floor plan for plenty of entertaining and amazing views overlooking the Bay of Saint Louis and Jourdan River on the southside of Diamondhead. Also has easy access from your boat to downtown Bay Saint Louis, Pass Christian and Diamondhead to name a few. Wake up and watch the sunrise and come home to a beautiful sunset view on the outdoor screened porch, while watching all the natural wildlife including otters, osprey, bald eagles and deer, to name a few... Then catch fish off the pier for dinner! This home has plenty of outdoor entertainment areas for relaxation offering versatile and comfortable living spaces, including a large screened back porch (672 sq ft) with a dedicated propane outlet for the grill without the hassle of propane tanks. Also has an outdoor kitchen with a sink, mini fridge connection, ceiling fans, and additional outlets for outdoor TV's and amazing lighting. Custom built with an open floor plan. Teak interior doors, interior sliding doors, and antique hand-carved Balinese door all imported from Bali. Gourmet kitchen designed to entertain with custom cabinets, granite countertops and Jenn-Air professional-grade gas oven and cooktop. Large walk-in pantry providing ample space to store dry goods, canned items, kitchen appliances, and more, helping to keep your kitchen organized and clutter-free. An additional refrigerator is in the pantry offering extra storage for perishable items, beverages, and overflow from the main refrigerator. Large master suite with stunning water views. Two master closets providing ample storage space for clothing, accessories and personal items keeping bedroom clutter-free. Marble floors in all the bathrooms and 6'' wide Mahogany wood plank flooring throughout the rest of the house. On top of all these additional features, includes a cargo lift to main level, tiled downstairs mud room/ entry room on the ground floor that is 420 sq ft (not included in home sq feet) for interior access with plumbing. Eight inch slab and engineered cement piling with rebar embedded throughout the piling and below slab. Steel engineered truss system attached to pilings. Engineered ceiling truss system. 2 x 6 framing with closed cell spray foam for maximum insulation and strengthening. Foam insulation on ceiling and low maintenance Hardy Board exterior. Two HV/AC systems and two hot water heaters. Diamondhead is a picturesque community know for its scenic beauty and proximity to water bodies. It has evolved into a vibrant city, home to families of all ages conveniently located between New Orleans and Gulfport/ Biloxi and continues to meet the high standards for golf along the Gulf Coast. * (2) 18 hole championship golf courses * Airport with storage hangers, repair facilities and fueling * Indoor/ Outdoor Golf Academy * Marina with complimentary boat launch within 2 miles from house * 4 pools and a splash pad * 2 walking trails * 9 lighted (hydra-clay) tennis Courts * 4 hard-court pickleball courts. *** Not to mention members in good standing receive a discount on food & beverage purchases at The Club at Diamondhead, preferred golf and tennis rates. ##This home has 4 ways out of the house including the interior stairs. The interior stairs make it easier getting to the main floor especially in the rain.
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Location
Property Details
Parking
- Description: Concrete, Covered, Driveway, Golf Cart Garage, Storage, Direct Access, Paved
- Details: Concrete, Covered, Driveway, Golf Cart Garage, Storage, Direct Access, Paved
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 8
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Roof Type: Gable
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 135B015020.000
- Lot Size: 14374 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2009
Tax Information
- Annual Tax: $6,013
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump, Propane
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Hancock
Listing Details

Investment Summary
- Monthly Cash Flow
- -$1,442
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -10.4%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -6.1%
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:
| $723,711 |
---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$578,969 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $144,742 |
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:
| $21,711 |
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:
| $166,453 |
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:
| $578,969 |
---|---|
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:
| $3,425 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $501 |
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:
| $4,178 |
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. | 14% | -$501 | -$6,013 |
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 | 39% | -$1,401 | -$16,813 |
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:
| $1,983 | $23,796 |
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. | -$3,425 | -$41,100 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,442 | $17,304 |