$1,590,000
Investment Summary
- Monthly Cash Flow
- -$6,921
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -22.7%
- Debt Coverage Ratio
- 0.08
- Internal Rate of Return (5 years)
- -17.9%
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
5 Bedrooms | 6 Baths | Over 7,500 Sq Ft | Bayou Front | Fully Furnished If you've been dreaming of Southern charm with a touch of high end luxury, this waterfront gem in Diamondhead is calling your name. Nestled along the quiet, peaceful bayou, this breathtaking estate offers everything you could want in a home and more. From the moment you step inside, you're greeted with soaring 21-foot ceilings, rich crown molding, and a warm, welcoming feel that makes you want to kick off your shoes and stay awhile. With 5 spacious bedrooms and 6 bathrooms, there's room for the whole family, guests, and then some. Southern Comfort Meets Modern Living Over 7,500 square feet of beautifully designed living space All-brick stucco with timeless architecture Fully furnished just bring your suitcase and settle in Smart home system that lets you control lights, temperature, and security with a touch Outdoor Living at Its Best This is outdoor living, Southern-style. Sip sweet tea on one of the screened-in porches, grill up some fresh seafood in not one, but two outdoor kitchens, or catch the sunset from your private balcony. Two boat houses and a boat slip ideal for fishing, boating, or just soaking up the bayou breeze Tan deck and tropical landscaping make every day feel like a vacation Temperature-controlled garage keeps your vehicles comfy, too Made for Entertaining Whether you're hosting a crawfish boil or a quiet movie night, this home is ready. Cozy fireplace and large Sony TV in the living room Premium von Schweilert surround sound for theater-quality audio A full mother-in-law suite gives your guests the privacy they'll appreciate Life in Diamondhead Located just a short drive from the Gulf Coast, you'll enjoy access to golf courses, dining, and all the charm of this friendly Southern community. Whether you're looking for a weekend retreat, a family gathering place, or your forever home this bayou beauty has it all. Come Sit a Spell And Stay Forever This isn't just a house it's a Southern sanctuary where life slows down and every day feels like a getaway. Schedule your private tour today and come see why life on the bayou is better than you ever imagined. All Updates Made to This Home Replacement of 63 windows Stucco around every window to be painted; wood around windows to be painted. Roof repair planned for the sunroom; potential option to build a deck with a spiral staircase. Deck plan changed to connect to the master screened area with railing and tiles matching the house. Screen door in master area removed; screen matching above added, and door stays. 99% completion of paint touch-ups on the first floor; paint and trim touched up on 2nd and 3rd floors. New tile shower built in office bath; new tile in the foyer. Additional tile additions in the foyer, great room, master bathroom, closet, bedroom, and screened area. New kitchen appliances: 36'' cooktop, double oven, microwave, dishwasher. Installation of shutters in lower bedroom, upstairs 1/2 bath, laundry, and office. Replacement of 5 exterior fan/lights; addition of 1 under the new deck area. New custom-tiled shower in the office/bedroom. Marine updates: repaired launch, new launch being built, extended concrete, and improved pier system. Six AC systems; Control 4 system managing AC, lights, music, TVs, cameras. Separate app for pool control; average electric bill $375 with the pool running 8 hours a day. Grass cutting service at $100 per 3 cuts; pool service and chemicals cost $125 per month. Various repairs and improvements to the driveway, marine area, and throughout the house. Exterior painting, pressure washing, and stucco repairs around the property. Replacement of bead board underneath the deck with new bead board, lights, and a fan. Painting of concrete walkway
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side, RV Garage
- Details: Covered, Deck, Parking Pad, RV Access/Parking, Storage, Direct Access
- Garage Spaces: 3
- Spaces Total: 12
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 16
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Concrete Perimeter
- Roof Type: Hip
- Roof Material: Spanish Tile
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 068K041006.000
- Lot Size: 20473 sqft
Property Information
- Property Type: Single Family Residence
- Style: Victorian
- Year Built: 2005
Tax Information
- Annual Tax: $21,745
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Hancock
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,921
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -22.7%
- Debt Coverage Ratio
- 0.08
- Internal Rate of Return (5 years)
- -17.9%
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:
| $1,590,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,272,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $318,000 |
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:
| $47,700 |
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:
| $365,700 |
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:
| $1,272,000 |
|---|---|
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:
| 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:
| $7,524 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,812 |
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:
| $245 |
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:
| $9,581 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 52% | -$1,812 | -$21,745 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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 | 77% | -$2,687 | -$32,245 |
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:
| $603 | $7,236 |
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. | -$7,524 | -$90,288 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,921 | $83,052 |