$548,000
Investment Summary
- Monthly Cash Flow
- -$668
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -6.4%
- Debt Coverage Ratio
- 0.74
- Internal Rate of Return (5 years)
- -2.2%
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
BACK ON THE MARKET ... by no fault of the Sellers. This is not a cookie-cutter home. It is a One of a Kind, a Truly Unique home in a highly desired neighborhood with a x-large backyard, an inground pool (glass filter, pump and liner all new within the last 2 years), AND an outdoor wood burning fireplace! The ultimate elevation of a fire pit. A new trek deck for having a meal or watching the fun is pool-side. It is easy to keep an eye on the kids in the pool or playing in the backyard from any room on the backside of the house. For the entertainer, there is a pool room with a Brunswick pool table and accessories that stay! The wet bar with cherry cabinets and glass doors is at one end of the room while the sound system carries your favorite music from the inside to the outside speakers. With windows on the outside wall there is plenty of natural sunlight. Step inside through the French doors to the Great Room with the tray ceiling and the massive and magnificent stone and brick wood burning fireplace with a one-of-a-kind mantel piece! A cozy twist to the classic home. The fireplace is framed by a floor-to-ceiling window on each side that allows you to see the green space that is your expansive backyard. The kitchen has 3 windows that span the majority of the outside wall so the full back yard is in view. This opening could be easily converted into a bar area with sliding windows so that food and drinks could be passed and enjoyed indoors or out. Solid wood cabinets with granite countertops are along every wall of the kitchen for plenty of storage. There is even a rolling cart/island with matching granite. All stainless steel appliances in the kitchen stay. The breakfast area has a sliding glass door for easy access and unencumbered viewing. It allows easy access to the large 1/2 bath and laundry room for those wet clothes and towels. A ground-level master suite with a tray ceiling is luxury with new carpet installed in 2024. Equally impressive is the massive ensuite with a double sink, a large jetted jacuzzi tub, shower stall, and a separate water-closet. One more surprise is the size of the closet with storage galore. Going up the stairs you'll notice the artistic tile risers that set off the new engineered hardwood flooring that were installed 2024 adding to the character and charm. Two bedrooms with fresh paint; one overlooking the front yard with a huge walk-in closet and a painted glass window for extra special lighting and the other bedroom overlooking the pool. One bathroom serves both bedrooms. Three more steps up and you have a complete Guest Suite. Fresh paint in the bedroom and bath. Bath upgraded with a new sink, faucet and whimsical ceramic tile backsplash while two charming shelves and a cabinet add storage. At the end of the hall, open the door to many possibilities! The wooden floor gives way to cool ceramic tile and two skylights that flood the room with light. This room could be your 5th bedroom! The choice is yours! Going towards the front double full-glass doors, the custom Italian tiles in the entrance add to the air of sophistication. On one side is a room for any need. An office? A sitting room? A library? Whatever you want it to be. On the other, is the formal dining room with double chair-rail trim and a set of three windows in a unique bow shaped room. Your guests will remember your house as they walk to their cars down the cobblestone path. The gardener will appreciate the new (2024) 6x12 outbuilding for all the lawn equipment while the car enthusiasts will love the double car garage and all its storage. The decorator/collector will be happy with the attic storage area that has an incredible amount of space. Property has been under constant pest preventive treatment since 2023. A new Rheem A/C unit was just installed with a transferrable 10-year warranty.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener
- Details: Driveway, Concrete
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $150/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 61037604.000
- Lot Size: 13939 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1992
Tax Information
- Annual Tax: $3,245
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Jackson
Listing Details
Investment Summary
- Monthly Cash Flow
- -$668
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -6.4%
- Debt Coverage Ratio
- 0.74
- Internal Rate of Return (5 years)
- -2.2%
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:
| $548,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$438,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $109,600 |
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:
| $16,440 |
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:
| $126,040 |
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:
| $438,400 |
|---|---|
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:
| $2,593 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $270 |
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:
| $224 |
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:
| $3,087 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 8% | -$270 | -$3,245 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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. | 0% | -$13 | -$156 |
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 | 34% | -$1,083 | -$13,001 |
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:
| $1,925 | $23,100 |
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. | -$2,593 | -$31,116 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $668 | $8,016 |