$639,900
Investment Summary
- Monthly Cash Flow
- -$361
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -2.9%
- Debt Coverage Ratio
- 0.88
- Internal Rate of Return (5 years)
- 1.1%
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
Like-New, Custom-Built on a nearly one acre lot with no neighbors behind you and 4 Bedrooms (3 on the first floor), 3 Bathrooms, Office/Study, Bonus Room, Craft/Exercise Room, Outdoor Living and a 3-Car Garage with Friends Entrance ~ Front Porch and Custom Front Entry Door welcome you to Beautiful LVP Wood Floors and a Vaulted Great Room with Cedar Beams, Center FP with Brick to Ceiling, Floating Shelves, Built-In Cabinets, and a Gorgeous Designer Upgraded Chandelier ~ Great Room opens to the Kitchen with a HUGE Center Island with Granite Counters, Breakfast Bar seating for 5, Farm Sink, Custom Cabinets with Soft-Close, Herringbone Tile Backsplash with Under-Cabinet Lighting, Stainless Appliances including Gas Cook-Top, Fridge, WiFi Enabled Double Wall Ovens, Microwave Drawer, and a Walk-In Pantry opens to a large Dining Area with ShipLap Wall, upgraded lighting and Rear Entry Door to the Covered Porch with Outdoor Living ~ Vaulted Primary Bedroom with Cedar Beams, 5 Windows, Recessed Lighting, Ceiling Fan and Barn Door to a large Primary Bath with Center Soaker Tub, Dual Vanity with Drawer Stack, Custom Lighting, and a Walk-In Shower with Frameless Shower Glass and 2 Shower Heads (Rain Fall) ~ Primary Closet is awesome (connects to both the Primary Bath and the Laundry) with 2 Built-In Dresser Drawer Stacks AND a Center Island with 2 more drawer stacks and cubbies ~ Laundry Room has Built-In Cabinets, Hanging Rod, Sink and opens to the Primary Closet ~ Mud Area with Cubbies is just off the Friends Entry and Garage Entry ~ Great Office - Study with Built-In Desk and Bookshelves is next to matching Bedrooms 2 and 3 with Board and Batten trim and Bathroom 2 in between ~ Upstairs find a huge Bedroom 4 with Vaulted Ceilings, Board and Batten next to Bathroom 3 and a Large Multi-Purpose Bonus Room with reading nook and Built-In Cubbies plus a Craft Room / Exercise Room ~ Outside find a great Rear Covered Porch with Outdoor living, Drop-In Grill, Ceiling Fan, Recessed Lighting, and TV opening to a large back yard with room for a pool and privacy fence ~ Additional Features: Fiber Internet to house, Honeywell Digital Programmable Thermostat, Security System, Low-E Vinyl Wood-Trimmed Windows with Blinds, Wood Shelving throughout, wood tread stairs with stair lighting, Shaker Doors and Trim, Crown Molding, Kitchen Cabinets include Spice, Pan & Trash Pull-Outs, Walk-In Floored Attic, Tankless WH, Heat Pump, Brick Landscaping Planters, Soffit Lighting, Exterior Security Lighting, Gutters and 220 Electric Wired Already for a Future Pool. Come see The Reserve with public utilities and NO City Taxes... all in the #1 Lewisburg School District.
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Location
Property Details
Parking
- Description: Attached
- Details: Attached, Garage Door Opener, Garage Faces Side, Concrete
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 16
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Shingle
HOA
- Has HOA: Yes
- HOA Fee: $600/annually
Land Information
- Land Use: Residential
- Land Use Subtype: General - Single
Lot Information
- Parcel ID: 3071010400003900
- Lot Size: 37026 sqft
Property Information
- Property Type: Single Family Residence
- Style: Farmhouse
- Year Built: 2023
Tax Information
- Annual Tax: $511
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air, Ceiling Fan(s), Electric, Gas, Heat Pump
Location
- County: De Soto
Listing Details
Investment Summary
- Monthly Cash Flow
- -$361
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -2.9%
- Debt Coverage Ratio
- 0.88
- Internal Rate of Return (5 years)
- 1.1%
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:
| $639,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$511,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $127,980 |
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:
| $19,197 |
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:
| $147,177 |
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:
| $511,920 |
|---|---|
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:
| 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:
| $3,028 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $43 |
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:
| $280 |
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:
| $3,351 |
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:
| $4,000 | $48,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$240 | -$2,880 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,760 | $45,120 |
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. | 1% | -$43 | -$511 |
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% | -$280 | -$3,360 |
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% | -$320 | -$3,840 |
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% | -$200 | -$2,400 |
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% | -$200 | -$2,400 |
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. | 1% | -$50 | -$600 |
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 | 27% | -$1,093 | -$13,111 |
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:
| $2,667 | $32,004 |
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. | -$3,028 | -$36,336 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$361 | -$4,332 |