$974,900
Investment Summary
- Monthly Cash Flow
- -$2,928
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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
Prepare to be utterly enchanted by this custom-built masterpiece, where every detail whispers of luxury and thoughtful design! From the moment you pass through the gated entry and approach the grand double doors, you'll know you've arrived somewhere truly special. Step inside to a breathtaking entry foyer, adorned with heavy crown molding and a striking tile inlay, setting the stage for the opulence within. Gleaming hardwood floors flow seamlessly throughout the main level, guiding you towards the heart of this extraordinary home. Imagine hosting elegant dinners in the separate formal dining room, where shadowbox molding, chair rail molding, and crown molding create an atmosphere of refined sophistication. Heavy molding and archways throughout the home add architectural interest, leading you to the spacious family room, complete with a built-in surround sound system and a cozy wood-burning fireplace - perfect for creating lasting memories. The adjacent large breakfast area, with its easy access to the screened porch, offers a delightful space for casual dining. The kitchen is a culinary dream, boasting a built-in Frigidaire double convection oven and microwave, a custom vent hood, a 5-burner LG induction electric cooktop, and a Frigidaire dishwasher. An abundance of wood cabinets, a large pantry, and a generous center island with granite countertops provide ample storage and workspace. The island's breakfast bar, seating 3-4, is ideal for casual meals, while under cabinet lighting illuminates the space beautifully. Heated tile floors add a touch of warmth, and a dedicated desk area keeps you organized. A large laundry room with tile floors, built-in cabinets, a sink with drawers adds convenience. A powder room and a large storage/utility closet under the stairs complete this level. The entire main floor boasts 12-foot ceilings, recessed lighting, and crown molding. Retreat to the main-level primary suite, a sanctuary of tranquility with a coffered ceiling, fan, electric fireplace, and separate walk-in closets. The ensuite bath is a spa-like haven, featuring crown molding, a separate jetted spa tub and shower, a double vanity with extra drawers, and a separate wet area with a bidet. Ascend the extra-wide staircase to the upper level, where a large additional family area awaits, complete with a wood-burning gas starter fireplace and ceiling fan. A bonus room, perfect as a home office, offers shadow box molding, a skylight, and a storage nook. Two bedrooms share a Jack-and-Jill bath with separate vanities, a large wet area, and a linen closet, each bedroom featuring a walk-in closet and ceiling fan. Another bedroom offers LVP flooring, skylights, and a large walk-in closet, while a fourth bedroom enjoys an ensuite bath with drawer space. Pull-down attic stairs provide access to additional storage. This extraordinary property extends beyond the main residence. A separate guest house offers a bathroom, steam and dry saunas, and a fireplace. A six-person hot tub in a pavilion provides the perfect setting for relaxation. A 24x50ft barn with wood flooring, lights, and electricity caters to hobbies or storage needs. Solar panels enhance energy efficiency. The playground remains, and fruit trees (apple, pear, peach, date, cherry) add a touch of nature. This custom builder's home offers not just a place to live, but a lifestyle of unparalleled luxury and comfort.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Side
- Details: Attached, Garage
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Composition
- Solar Panels: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 112029H
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European, Traditional
- Year Built: 2007
Tax Information
- Annual Tax: $7,501
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric, Forced Air, Heat Pump
- Cooling: Central Air
Location
- County: Jackson
Investment Summary
- Monthly Cash Flow
- -$2,928
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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:
| $974,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$779,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $194,980 |
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:
| $29,247 |
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:
| $224,227 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,238 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $230 |
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:
| $0.92 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $779,920 |
|---|---|
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:
| 6.625% |
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:
| $4,994 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $625 |
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:
| $273 |
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:
| $5,892 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 16% | -$625 | -$7,501 |
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. | 7% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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 | 41% | -$1,600 | -$19,201 |
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:
| $2,066 | $24,792 |
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. | -$4,994 | -$59,928 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,928 | $35,136 |