$2,100,000
Investment Summary
- Monthly Cash Flow
- -$9,645
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -24.0%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -19.1%
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
Wonderful West Beach location! This sensational custom-built, French colonial-inspired house has everything people are looking for in a home-gracious living spaces, first-floor primary bedroom, extra- large covered front porch facing the Gulf, salt-water pool, guest house, beautifully maintained, on a gracious lot. The main house has a total of five bedrooms and three-and-a half bathrooms, large living room, family room and upstairs playroom/den/hobby room. Dramatic views throughout the house of the beach and Gulf, and the lush backyard and pool. There isn't a bad view. Generous rooms flow into each other - this is a happy family house designed for good times! There is no wasted space in this house - every inch was designed by Fred Wagner for practicality as well as beauty! And, what a great party house! The living room has wide openings to the entrance halls and family room, with an easy flow to the dining room and to the front porch and back deck. All of the downstairs rooms connect with each other, making entertaining for a few friends, or a huge crowd, easy and fun! The living room, like the other entertaining areas, has high ceilings, elegant molding, and hardwood floors. The woodburning fireplace(with gas logs) is flanked by French doors with transoms and windows. The dining room has space for a large table...open the front French doors to let the outside in! Or for parties, you can put several more tables on the porch. It's simple to make room for many friends and family for holiday dinners here! The family room is the center of the action! The entertainment wall has space for a TV, all the components anyone would need, display shelves, with French doors, and gorgeous views along the front! This spacious, pristine kitchen has top-of-the-line stainless appliances! Cabinets galore, counter space to spare, it has everything the most demanding cook needs and then some! Open the French doors and enjoy the Gulf breeze while cooking! Romantic, spacious primary bedroom, has space for a reading area, and views to the front and west! Relax in bed and enjoy some of the best scenery around! Spacious bath with a spa/soaking tub with hand-held shower, double sinks, separate vanity, great storage, two water closets, and a large shower with glass door and seat! Two cleverly designed walk-in closets, one with a built-in chest and shoe shelves, the other with lots of shelves, both with plenty of space to hang clothes! The front porch off the primary bedroom overlooking the Gulf is a great spot for morning coffee, afternoon winding down, and evening star gazing! There are hooks for a hammock - a wonderful spot for a nap! Upstairs there are four spacious bedrooms, two bathrooms and a wonderful central den/playroom! Each bedroom has a ceiling fan and light, two closets, and a separate built-in vanity. Both baths have deep soaking tubs with showers, and plenty storage, both at the sink, and in separate closets. The den has six closets and walk-in access to two attics. Managing the wash for an active family, with lots of guests, is a breeze with this utility room. Deep sink, lots of storage, washer and dryer, and a tiled floor. Put rocking chairs and a porch swing on the front porch! Invite friends to join you for something cool after a long day at the office! It's been handy as rainy-day play space for children and their friends. And, of course, the views - spectacular. The back yard feels like your own private club! Extra-large (20'x50') pool, with space for sunning, dining or just sitting and enjoying time with family and friends. Adjacent pool house has a full bathroom, and bedroom with kitchenette and space for a stackable washer/dryer. It is a fully self-sufficient space. The bathroom doubles as the pool bathroom. Both front and back yards are fenced and have beautiful mature oak trees, a magnolia tree, pecan tree, crepe myrtles and several fruit trees. A timeless treasure for a new family to create memories to last a lifetime!
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Location
Property Details
Parking
- Details: Parking Pad
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- Fireplace: Yes
Exterior Features
- Foundation: Pillar/Post/Pier
- Roof Type: Gable
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0313K01001.000
- Lot Size: 33105 sqft
Property Information
- Property Type: Single Family Residence
- Style: French Acadian
- Year Built: 2007
Tax Information
- Annual Tax: $4,472
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Harrison
Listing Details
Investment Summary
- Monthly Cash Flow
- -$9,645
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -24.0%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -19.1%
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:
| $2,100,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,680,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $420,000 |
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:
| $63,000 |
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:
| $483,000 |
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:
| $1,680,000 |
|---|---|
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:
| 6.840% |
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:
| $10,997 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $373 |
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:
| $175 |
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:
| $11,545 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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. | 15% | -$373 | -$4,472 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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 | 40% | -$998 | -$11,972 |
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:
| $1,352 | $16,224 |
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. | -$10,997 | -$131,964 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $9,645 | $115,740 |