Silo Ridge Estates

 

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  • Byhalia, Mississippi 38611
  • Available Now: 0
  • Sales Price: Starting at $369,000

Overview

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Floor Plans

Location

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Overview

FIGURES

18 Homes
2217 - 2967 S.F.
1.50 - 4.12 Acre lots

ABOUT

Located in the small but growing town of Byhalia, Mississippi, Silo Ridge Estates features modern farmhouse-style homes on acre-plus wooded parcels. Built for the discerning homeowner who enjoys the peace and tranquility of semi-rural living, each impressively designed and masterfully crafted home offers the flow and function desired by families today no matter their stage of life.

FEATURES

Plat Map

Silo Ridge Estates features 18 homes on 1.50 – 4.12 Acre lots.

Properties

There are 18 total homes in Silo Ridge Estates.

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Floor Plans

There are 13 available floor plans in Silo Ridge Estates, ranging from 2217 – 2967 S.F..
Cypress Front Load
1794
5 BDS
3 BA
25 - 26 S.F.
Cypress Side Load
Front Elevation C
1794
5 BDS
3 BA
2,500 - 2,600 S.F.
Dove Side Load
Front Elevation E
1548
5 BDS
3 BA
2,200 - 2,300 S.F.
Dove Side Load
Front Elevation F
1548
5 BDS
3 BA
2,200 - 2,300 S.F.
Hazel Side Load
Front Elevation B
1520
4 BDS
2.5 BA
2,200 - 2,300 S.F.
Laurel Side Load
Front Elevation D
1826
5 BDS
3 BA
2,400 - 2,500 S.F.
Laurel Side Load
Front Elevation E
1826
4 BDS
3 BA
2,400 - 2,500 S.F.
Magnolia Side Load
Front Elevation A
1899
5 BDS
3.5 BA
2,800 - 2,900 S.F.
Magnolia Side Load
Front Elevation B
1899
5 BDS
3 BA
2,800 - 2,900 S.F.
Monarch Side Load
Front Elevation B
1470
4 BDS
2.5 BA
2,277 S.F.
Poplar Side Load
Front Elevation A
1748
5 BDS
3 BA
2,600 - 2,700 S.F.
Poplar Side Load
Front Elevation B
1748
5 BDS
3.5 BA
2,600 - 2,700 S.F.
Willow Side Load
Front Elevation A
1894
5 BDS
3 BA
2,900 - 3,000 S.F.

Location

  • Located near the junction of Interstate 22/Route 78 and Interstate 269, Byhalia is attracting a number of major employers.
  • It has a small-town feel with a traditional main street offering boutique shops and businesses.
  • Enjoy friendly neighbors and a highly engaged city staff eager to serve its citizens.
  • Silo Ridge Estates is commutable to the Chickasaw Industrial Park and the cities of Collierville, Tennessee, Olive Branch, Mississippi, and Memphis.

    • Investor Calculator

    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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    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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    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
    ?
    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
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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.
    Amount Financed
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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.
    10-Year Average Cash-On-Cash ROI
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