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LOCATION OVERVIEW

$ 254,000

4255 Shinault Lane Olive Branch MS 38654

Construction Type: New
Year Built: 2018
Monthly Rent: $ 1,795
10 Yr Avg. CoC: 5.3%
10 Year IRR: 7.2%
First Year CF: $ 11,927
Cap Rate: 4.7%
2575 sf 4 2
Homes located in this zip code are within close proximity to Cherokee Valley, Olive Branch and the Plantation Country Club. It has been named as one of the fastest growing cities in the past 2 decades by Bloomberg Business Weekly and also has one of the top school districts in Desoto County! Residents enjoy a quaint style of life with urban conveniences.

RETURN CALCULATOR

Perform your own sensitivity analysis by adjusting the parameters below to see how they can affect your return

Vacancy Rate (% GSI)
Maintenance Rate (% GOI)
Property Mgmt Rate (% GOI)
Property Appreciation Rate (%)
Rent Appreciation Rate (%)
Expense Inflation Rate (%)
Sales Cost Rate (% of Price)
Interest Rate (%)
PROPERTY INPUTS
Down Payment % Down Payment $ Est. Closing Costs Est. Total Investment Est. Monthly Rent Gross Annual Rent PM Fee Property Taxes Est. Property Insurance HOA Fees Maintenance Allowance Debt Service
20% $ 50,800 $ 4,835 $ 55,635 $ 1,795 $ 21,540 ($ 2,025) ($ 4,181) ($ 876) ($ 200) ($ 1,292) $ 12,355
Economic Modeling Assumptions

Interest Rate: 4.5%

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Vacancy Rate (% GSI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Maintenance Rate (% GOI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Property Mgmt Rate (% GOI) 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Property Appreciation Rate 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
Rent Appreciation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Expense Inflation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Sales Cost Rate (% of Price) N/AN/AN/AN/AN/AN/AN/AN/AN/A 9%
Cash Flow and Property Value Projections

Average Days Vacant Per Year/Per Home : 22

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Gross Annual Rent $ 21,540 $ 22,186 $ 22,852 $ 23,537 $ 24,243 $ 24,971 $ 25,720 $ 26,491 $ 27,286 $ 28,105
Vacancy Allowance ($ 1,292) ($ 1,331) ($ 1,371) ($ 1,412) ($ 1,455) ($ 1,498) ($ 1,543) ($ 1,589) ($ 1,637) ($ 1,686)
Property Management ($ 2,025) ($ 2,086) ($ 2,148) ($ 2,213) ($ 2,279) ($ 2,347) ($ 2,418) ($ 2,490) ($ 2,565) ($ 2,642)
Property Taxes ($ 4,181) ($ 4,306) ($ 4,436) ($ 4,569) ($ 4,706) ($ 4,847) ($ 4,992) ($ 5,142) ($ 5,296) ($ 5,455)
Est. Property Insurance ($ 876) ($ 902) ($ 929) ($ 957) ($ 986) ($ 1,016) ($ 1,046) ($ 1,077) ($ 1,110) ($ 1,143)
HOA Fees ($ 200) ($ 206) ($ 212) ($ 219) ($ 225) ($ 232) ($ 239) ($ 246) ($ 253) ($ 261)
Maintenance Allowance ($ 1,215) ($ 1,251) ($ 1,289) ($ 1,328) ($ 1,367) ($ 1,408) ($ 1,451) ($ 1,494) ($ 1,539) ($ 1,585)
Debt Service ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355) ($ 12,355)
Before Tax Cash Flow ($ 604) ($ 252) $ 112 $ 486 $ 871 $ 1,268 $ 1,676 $ 2,097 $ 2,531 $ 2,977
Ending Property Value $ 262,890 $ 272,091 $ 281,614 $ 291,471 $ 301,672 $ 312,231 $ 323,159 $ 334,469 $ 346,176 $ 358,292
10- Year Cash Flows

Average Maint Expense Per Year/Per Home : ($ 706)

Initial Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Down Payment ($ 50,800)
Closing Costs ($ 4,835)
Annual Cash Flow ($ 604) ($ 252) $ 112 $ 486 $ 871 $ 1,268 $ 1,676 $ 2,097 $ 2,531 $ 2,977
Appreciation $ 104,292
Debt Paydown $ 40,458
Return of Down Payment $ 50,800
Sales Costs $ 32,246
Net Cash Flows ($ 55,635) ($ 604) ($ 252) $ 112 $ 486 $ 871 $ 1,268 $ 1,676 $ 2,097 $ 2,531 $ 166,281
TOTAL CF :

$ 11,162

AVG CF/YR :

$ 1,116

PROPERTY INPUTS
Down Payment % Down Payment $ Est. Closing Costs Est. Total Investment Est. Monthly Rent Gross Annual Rent PM Fee Property Taxes Est. Property Insurance HOA Fees Maintenance Allowance Debt Service
100% $ 254,000 $ 2,725 $ 256,725 $ 1,795 $ 21,540 ($ 2,025) ($ 4,181) ($ 876) ($ 200) ($ 1,292) $ 0
Economic Modeling Assumptions

Interest Rate:4.5 %

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Vacancy Rate (% GSI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Maintenance Rate (% GOI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Property Mgmt Rate (% GOI) 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Property Appreciation Rate 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
Rent Appreciation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Expense Inflation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Sales Cost Rate (% of Price) N/AN/AN/AN/AN/AN/AN/AN/AN/A 9%
Cash Flow and Property Value Projections

Average Days Vacant Per Year/Per Home : 22

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Gross Annual Rent $ 21,540 $ 22,186 $ 22,852 $ 23,537 $ 24,243 $ 24,971 $ 25,720 $ 26,491 $ 27,286 $ 28,105
Vacancy Allowance ($ 1,292) ($ 1,331) ($ 1,371) ($ 1,412) ($ 1,455) ($ 1,498) ($ 1,543) ($ 1,589) ($ 1,637) ($ 1,686)
Property Management ($ 2,025) ($ 2,086) ($ 2,148) ($ 2,213) ($ 2,279) ($ 2,347) ($ 2,418) ($ 2,490) ($ 2,565) ($ 2,642)
Property Taxes ($ 4,181) ($ 4,306) ($ 4,436) ($ 4,569) ($ 4,706) ($ 4,847) ($ 4,992) ($ 5,142) ($ 5,296) ($ 5,455)
Est. Property Insurance ($ 876) ($ 902) ($ 929) ($ 957) ($ 986) ($ 1,016) ($ 1,046) ($ 1,077) ($ 1,110) ($ 1,143)
HOA Fees ($ 200) ($ 206) ($ 212) ($ 219) ($ 225) ($ 232) ($ 239) ($ 246) ($ 253) ($ 261)
Maintenance Allowance ($ 1,215) ($ 1,251) ($ 1,289) ($ 1,328) ($ 1,367) ($ 1,408) ($ 1,451) ($ 1,494) ($ 1,539) ($ 1,585)
Debt Service $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Before Tax Cash Flow $ 11,751 $ 12,104 $ 12,467 $ 12,841 $ 13,226 $ 13,623 $ 14,031 $ 14,452 $ 14,886 $ 15,332
Ending Property Value $ 262,890 $ 272,091 $ 281,614 $ 291,471 $ 301,672 $ 312,231 $ 323,159 $ 334,469 $ 346,176 $ 358,292
10- Year Cash Flows

Average Maint Expense Per Year/Per Home : ($ 706)

Initial Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Down Payment ($ 254,000)
Closing Costs ($ 2,725)
Annual Cash Flow $ 11,751 $ 12,104 $ 12,467 $ 12,841 $ 13,226 $ 13,623 $ 14,031 $ 14,452 $ 14,886 $ 15,332
Appreciation $ 104,292
Debt Paydown $ 0
Return of Down Payment $ 254,000
Sales Costs $ 32,246
Net Cash Flows ($ 256,725) $ 11,751 $ 12,104 $ 12,467 $ 12,841 $ 13,226 $ 13,623 $ 14,031 $ 14,452 $ 14,886 $ 341,378
TOTAL CF :

$ 134,712

AVG CF/YR :

$ 13,471

DISCLAIMER: The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by Meridian Pacific Properties, Inc. or its affiliates and subsidiaries. The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.