$750,000
Investment Summary
- Monthly Cash Flow
- -$1,621
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -11.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -6.9%
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
This stunning custom-built home, designed by Ed Yenderick of Classic Home Design (known for his Vesta Home Show masterpieces), sits on just under two acres and checks every box for style, quality, and thoughtful design. With 5BR/4BA, a large bonus room, and a dedicated home office space, there's room for everyone—and then some. The location couldn't be better—just minutes from the heart of both Collierville and Olive Branch, making shopping, dining, and daily errands a breeze. Quick drive to Germantown too! From the moment you pull up, the curb appeal is undeniable. Professionally landscaped with stone-lined flower beds, mature plantings (including Japanese maples), and wide brick stairs leading to the front entry, the exterior alone gives you a glimpse of the quality that runs throughout. Step inside and you're greeted by warm solid hickory floors, 10-foot ceilings, tall baseboards, heavy crown molding, and plantation shutters. The open-concept living and formal dining area is filled with natural light, and the back wall of windows gives you a beautiful view of the backyard and covered patio the moment you walk in. The kitchen and family room are where the home truly shines. Anchored by a dramatic floor-to-ceiling fieldstone fireplace flanked by custom hickory built-ins, the family room flows right into a dream kitchen that was clearly designed with both everyday living and entertaining in mind. The kitchen features solid hickory cabinets, imported Brazilian Mascarello granite, and a commercial-grade 48'' gas range with 6 burners/griddle and double ovens, topped with a cabinet-matching commercial hood. There's also a vegetable sink on the island, an instant hot water dispenser at the main sink, a large walk-in pantry, and a separate butler's pantry for additional prep or storage space. Every detail feels high-end but comfortable. The split floor plan makes for a smart layout. On one side, the primary suite offers a serene retreat with oversized windows, a luxurious bathroom with dual sinks, a sit-down vanity area, granite counters, a large tub, a tiled walk-in shower, and a custom walk-in closet. On the opposite side of the home, there's a spacious guest or in-law suite with a walk-in closet, and private access to a beautifully appointed full bath. This suite is conveniently located near the side/friends' entrance, making it ideal for guests who want their own space. Also on this wing of the home is the laundry room with 13 cabinets, granite counters, and a sink. Upstairs, there are three more bedrooms—one a private suite with its own full bath, and another that connects directly to the upstairs bonus room/living area and has a private entrance to a Jack-n-Jill bath. There's also a separate home office space tucked away for privacy. The outdoor living space is just as impressive as the inside. Step out back through either set of French doors to the covered patio, complete with a matching fieldstone fireplace, ceiling fans, and motorized retractable floor-to-ceiling screens that make it easy to enjoy the outdoors almost year-round. The adjacent open patio is perfect for grilling or relaxing, and the backyard feels like a private park thanks to the professional landscaping, complete with a fountain that adds soothing sound and ambiance. Additional features include a 2020 architectural shingle roof with Rhino ice and water shields and a 50-year warranty, individual board roof decking, Trane HVAC systems, wired sound throughout the heart of the home and back patio, 8-foot doors, luxury lighting, wood and tile flooring throughout, fiber optic, plus more. Every corner of this home reflects meticulous care and attention to detail from the original owners, and it's built to stand the test of time while offering everyday luxury.
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Location
Property Details
Parking
- Details: Attached, Concrete, Garage Door Opener, Garage Faces Side, Storage
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 13
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Gable
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: 1055160200002100
- Lot Size: 87120 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2007
Tax Information
- Annual Tax: $3,354
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Fireplace(s), Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned, Multi Units
Location
- County: De Soto
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,621
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -11.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -6.9%
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:
| $750,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$600,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $150,000 |
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:
| $22,500 |
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:
| $172,500 |
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:
| $600,000 |
|---|---|
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:
| $3,549 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $280 |
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:
| $224 |
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:
| $4,053 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 9% | -$280 | -$3,354 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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 | 34% | -$1,080 | -$12,954 |
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:
| $1,928 | $23,136 |
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. | -$3,549 | -$42,588 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,621 | $19,452 |