Nicole Place

 

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Now Selling

  • Horn Lake, MS, 38637
  • Completion Date: Q1 2023
  • Sales Price: Starting at $318,000
  • Rental Price: $1900+ per month

Overview

FIGURES

30 Homes
4+ Bedrooms
2.5+ Baths
7 Floor plan models
1957 – 2226 S.F.
1/3 – 1/2 acre lots

ABOUT

This is your final opportunity to purchase a home in one of Horn Lake, Mississippi’s premier neighborhoods, Nicole Place.

Nicole Place is a large, established neighborhood conveniently located off Nail Road and within commuting distance of the area’s biggest employers. This final phase of homes features modern, livable floor plans that are adaptable to the needs of today’s homeowners. Larger, usable backyards offer plenty of space for everything from hosting a barbecue to playing catch.

FEATURES

  • LVP or Hardwood Flooring in common areas
  • Carpet in most bedrooms
  • Ceramic tile in master bathrooms
  • LVP flooring in bathrooms
  • Eggshell paint Backsplashes on certain models
  • Granite or quartz countertops
  • Cultured marble bathroom countertops 9′ or 10′ ceilings
  • Stainless steel dishwash, microwave, range, and refrigerator
  • Fence will be subdivision specific
  • 2″ wooden blinds

Location

Nicole Place 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. It is recognized for its public schools and expansive parks. Horn Lake 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.

Properties

There are 30 total homes in Nicole Place. Currently, there are 10 properties for sale.

Active
$353,000
5560 Tucker Landing, Horn Lake, MS, 38637
Community: Nicole Place
Floor Plan: Dove D
bedroom 5 BDS
bathroom 3 BA
Home area 2,214 S.F.
Active
$353,000
5662 Tucker Landing, Horn Lake, MS, 38637
Community: Nicole Place
Floor Plan: Blue Jay A
bedroom 5 BDS
bathroom 3 BA
Home area 2,225 S.F.
Active
$323,000
5727 Tucker Landing, Horn Lake, MS, 38637
Community: Nicole Place
Floor Plan: Canary A
bedroom 4 BDS
bathroom 2.5 BA
Home area 1,964 S.F.
Active
$353,000
5743 Tucker Landing, Horn Lake, MS, 38637
Community: Nicole Place
Floor Plan: Dove D
bedroom 5 BDS
bathroom 3 BA
Home area 2,214 S.F.
Active
$353,000
5803 Tucker Landing, Horn Lake, MS, 38637
Community: Nicole Place
Floor Plan: Blue Jay B
bedroom 5 BDS
bathroom 3 BA
Home area 2,226 S.F.
Active
$323,000
5819 Tucker Landing, Horn Lake, MS, 38637
Community: Nicole Place
Floor Plan: Canary A
bedroom 4 BDS
bathroom 2.5 BA
Home area 1,964 S.F.
VIEW ALL Homes for Sale

Floor Plans

There are 9 available floor plans in Nicole Place, ranging from 1957 – 2226 S.F..
Blue Jay A
1666A
5 BDS
3 BA
2225 S.F.
Blue Jay B
1666B
5 BDS
3 BA
2226 S.F.
Canary A
1229A
4 BDS
2.5 BA
1964 S.F.
Canary B
1229B
4 BDS
2.5 BA
1964 S.F.
Dove B
1548B
5 BDS
3 BA
2214 S.F.
Dove C
1548C
5 BDS
3 BA
2214 S.F.
Dove D
1548D
5 BDS
3 BA
2214 S.F.
Finch A
1270A
4 BDS
2.5 BA
1957 S.F.
Finch B
1270B
4 BDS
2.5 BA
1957 S.F.

Plat Map

Nicole Place features 30 homes on 1/3 – 1/2 acre lots.
207 9,033 S.F 198 18, 334 S.F 209 11,863 S.F 210 11,570 S.F 211 11,570 S.F 212 11,569 S.F 213 11,569 S.F 214 11,569 S.F 215 11,569 S.F 218 11,977 S.F 219 13,859 S.F 220 15,933 S.F 197 18,549 S.F 196 18,835 S.F 195 19,931 S.F 194 17,622 S.F 193 17,321 S.F 192 16,996 S.F 190 15,704 S.F 189 16,725 S.F 188 16,962 S.F 187 13,895 S.F 184 15,199 S.F 183 15,000 S.F 181 12,985 S.F 177 12,985 S.F
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Photos

These photos show a typical home in the community and the high-end interiors that come standard in all of our homes.

EXTERIOR

INTERIOR

Investor Calculator

ACQUISITION AND DEBT SERVICE SUMMARY
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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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PROPERTY INCOME AND OPERATING EXPENSE DATA
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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.
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ECONOMIC MODELING ASSUMPTIONS (PER YEAR, FOR 10 YEARS)
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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
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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.
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DEBT SERVICE SUMMARY
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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.
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KEY FINANCIAL RATIOS (RETURN ON INVESTMENT)
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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.
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10-Year Avg Net Operating Income ÷ Purchase price
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Contact
Meridian Pacific Properties
(760) 798-3095
[email protected]
910 W. San Marcos Blvd., Ste 210
San Marcos, CA 92078

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At Meridian Pacific Properties we believe that our residents deserve to be treated fairly at all times. As an equal opportunity housing provider, Meridian Property Management provides housing opportunities regardless of race, color, national origin, religion, sex, physical or mental disability, familial status or any other classification protected by applicable federal, state or local law.
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Name*
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MM slash DD slash YYYY
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*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.