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$465,000

For Sale - Active
4410 John Joseph Dr, Olive Branch, MS 38654
4 Beds
3 Baths
0 Square Feet
0.25 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Aug 30, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$107
Cap Rate
5.4%
Cash-on-Cash Return
-1.2%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Property Description


0.25 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Discover this beautifully updated 4-bedroom, 3-bathroom home in the desirable Gwin Farms subdivision of Olive Branch, MS. Spanning approximately 3,124 sq. ft., this home boasts fresh paint throughout and a thoughtful layout perfect for families, entertainers, or those seeking modern comfort. Enjoy the neighborhood pool on the hot summer days! Key Features: • Freshly Painted Interior: New paint throughout creates a bright, welcoming atmosphere in every room. • Main Level Living: Two spacious bedrooms downstairs, including a luxurious primary suite with an en-suite bathroom featuring dual vanities, a soaking tub, and a walk-in shower. • Two Full Bathrooms Downstairs: Conveniently designed for guests and residents, with modern fixtures and finishes. • Gourmet Open Kitchen: Seamlessly flows into the hearth room, featuring double ovens, a gas range, granite countertops, a large island, and ample cabinetry—perfect for home chefs and gatherings. • Cozy Hearth Room: Adjacent to the kitchen, this inviting space includes a fireplace, ideal for cozy evenings or entertaining. • Upstairs Retreat: Two additional bedrooms upstairs connected by a Jack-and-Jill bathroom, offering privacy and convenience for family or guests. • Versatile Loft & Game Room: Enjoy a spacious loft for a home office or reading nook, plus a dedicated large game room for fun and relaxation. • Three-Car Garage: Ample space for vehicles, storage, or a workshop, enhancing functionality and convenience. • Outdoor Space: A well-maintained backyard with a covered patio, perfect for outdoor dining or relaxation. Community & Location Highlights: • Located just minutes from Olive Branch City Park, local dining like Mississippi Ale House, and shopping at Goodman Road retailers. • Easy access to U.S. Route 78 for a quick commute to Memphis (26 miles) and close proximity to Methodist Olive Branch Hospital (4 miles). • Enjoy Olive Branch's community charm with events like holiday light displays, Mardi Gras parades, and concerts at the nearby Cotton Gin Development.

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Location


Property Details


Parking

  • Description: Garage, Garage Faces Side
  • Details: Concrete
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 14

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $500/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential (Assumed)

Lot Information

  • Parcel ID: 2062091400010300
  • Lot Size: 10890 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2020

Tax Information

  • Annual Tax: $3,350

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s), Gas

Location

  • County: De Soto

Listing Details


Listed by:
Chad Barnette
Dream Maker Realty
(662) 404-1185

Source:
MLS United
MLS#: 4123302
MLS United

Investment Summary


Monthly Cash Flow
-$107
Cap Rate
5.4%
Cash-on-Cash Return
-1.2%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Purchase Details

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Purchase price:
$465,000
Amount financed:
-$372,000
Down payment:
$93,000
Closing costs:
$13,950
Rehab costs:
$0
Initial cash invested:
$106,950
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$372,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,201
Property tax:
$279
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,725

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$279-$3,350
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (1%)
1%-$42-$504
Total operating expenses: (34%)
34%-$1,196-$14,354

Cash Flow


Monthly Yearly
Net operating income:
$2,094 $25,128
Mortgage payments:
-$2,201 -$26,412
Cash flow:
$107 $1,284