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Baker Estates

 

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  • Horn Lake, MS 38637
  • Available Now: 0

Overview

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Overview

FIGURES

1 Homes
4 Bedrooms
2.5 Baths
1,808-2,214
20,045-20,758

ABOUT

Baker Estates is an upscale community in Horn Lake, Mississippi with brand-new homes on nearly half-acre lots. Also known locally as Bakers Acres, this community is designed to accommodate the many ways families live today. Each Meridian home in Baker Estates offers a flowing, open-concept floor plan, modern amenities, and designer touches. Outside, your spacious backyard is big enough for the kids to kick a soccer ball with their friends, or for you to host an evening cookout with your neighbors. The possibilities are endless. And if convenience is important to you, Horn Lake High School and the area’s best amenities are within minutes of your doorstep.

BUILDER INCENTIVES AVAILABLE! — Contact our listing agents today for details.

FEATURES

Plat Map

Baker Estates features 1 homes on 20,045-20,758.

Properties

There are 1 total homes in Baker Estates.

VIEW ALL Homes for Sale

Floor Plans

There are 3 available floor plans in Baker Estates, ranging from 1,808-2,214.
Dove Side Load
Front Elevation A
1548
5 BDS
3 BA
2,200 - 2,300 S.F.
Oriole
Front Elevation A
1329
4 BDS
2.5 BA
2,000 - 2,100 S.F.
Redbud
Front Elevation C
1229
4 BDS
2.5 BA
1,800 - 1,900 S.F.

Location

  • Baker Estates is located to the east of Walls, Mississippi and to the south of Southaven, Mississippi, minutes from the Interstate 55 exchange which leads directly to Memphis.
  • Horn Lake is recognized for its public schools and expansive parks. It is home to Delta Technical College.
  • There are big-box retailers, boutiques, restaurants, entertainment, and medical services nearby.
  • Horn Lake has a high concentration of logistics-related jobs within the city limits.

    • Investor Calculator

    PROPERTY INCOME AND OPERATING EXPENSE DATA
    ?
    Enter the Monthly Rent, Annual Property Tax and Annual Insurance Premium amounts here. The tax information is available on most county property tax websites. The insurance information is available from the insurance company. It is important to research whether or not the property is located in a homeowner’s association that carries Homeowner’s Association (HOA) fees. If so, enter the annual amount.
    Monthly Rent*
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    ACQUISITION AND DEBT SERVICE SUMMARY
    ?
    Enter Purchase Price of the property. If you are financing the property, enter the Down Payment percentage here. For most investors, it’s usually a number between 20-30%. For a cash purchase, enter 100%. Next, enter the Closing Costs & Fees. If you are working with a lender, she can give you a good faith estimate for this line item.
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    ECONOMIC MODELING ASSUMPTIONS (PER YEAR, FOR 10 YEARS)
    ?
    In this section, you need to make some assumptions about the property as indicated to the right. Vacancy Rate: Percentage of Gross Scheduled Income (GSI) or total annual rents possible per year. Maintenance Rate: Percentage of Gross Operating Income (GOI), or the income the property receives after accounting for vacancy. Property Management Rate: Percentage of GOI, the amount of rents actually collected by the property manager. Property Appreciation Rate: Your expectation of how the property value will appreciate. Expense Inflation Rate: The general economic inflation percentage rate. Sales Costs: Costs associated with selling property when it is finally sold, including sales commissions and closing costs. This is a one-time expense.
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    INVESTMENT AND DEBT SERVICE CALCULATIONS
    ?
    Investment and debt service calculations: Based on the data entered above, the investor’s total cash investment, and the monthly and annual debt service is calculated here.
    Property Purchase Price
    Down Payment
    Closing Costs & Fees
    Total Cash Investment
    DEBT SERVICE SUMMARY
    ?
    Investment and debt service calculations: Based on the data entered above, the investor’s total cash investment, and the monthly and annual debt service is calculated here.
    Amount Financed
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    Debt Service (P&I), Annual
    KEY FINANCIAL RATIOS (RETURN ON INVESTMENT)
    ?
    Key Financial Ratios are calculated as 10-year averages to the right based on the data entered above. 10-Year Average Cash on Cash ROI – ten year average of cash on cash (CoC) return.Cash-On-Cash ROI + Debt Pay Down – this is the combined return of the debt pay down and the cash on cash return.10-Year Average Capitalization Rate – 10 year average of annual Net Operating Income of the property divided by its purchase price. This is the approximate annual CoC return for an all-cash purchase.10-Year Internal Rate of Return (IRR) – the annual return accounting for the amount invested, cash flow earned through rents, pay down of the mortgage loan, and appreciation realized from the sale of the property. IRR is an overall return on investment metric that accounts for the amount and timing of all cash flows disbursed and received each year.
    10-Year Average Cash-On-Cash ROI
    Avg 10-Year CoC
    Cash-On-Cash ROI + Debt Paydown ROI
    Avg 10-Year CoC + Debt Paydown ROI, Excl. Appreciation
    Capitalization Rate (First Year)
    First Year Net Operating Income ÷ Purchase Price
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    About the calculations

    The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected proforma 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.

    Monthly Rent *

    Represents the middle point of an expected rent range. We expect the rent to be within $50 of the estimated rent. Meridian helps to protect the rental income for our investors through our rent warranty program. Please call Meridian Pacific Properties directly for more information.

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    Name*
    *Your name, phone number, and email address are required so that we may contact you to schedule an appointment.
    By submitting this form with your telephone number you are consenting for Meridian Pacific Properties and authorized representatives to contact you even if your name is on the Federal "Do-not-call List."
    This field is for validation purposes and should be left unchanged.