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Byhalia, MS 38611 For Sale
551 Centerline Roper Loop
Byhalia,
MS
38611
💰 $404,995
🛏️ 5 Bedrooms
🛁 3 Baths
🏠 2590 SF
🔨 Built in 2024
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📊 Pro Forma
🖨 Brochure
📸 Photos
📋 Features
Plat Map
📐 Floor plan
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Property Description

Turnkey Rental Start earning rental income immediately. This turnkey property will be move-in ready for tenants the day you close escrow. Our local property management team will take care of everything for you. | New Construction This is a brand new home that has never been lived in. New construction homes typically have the highest overall ROI of any single-family rental property. | Build-to-Rent Meridian's build-to-rent properties are designed to attract and retain long-term tenants. We use durable materials, modern amenities, and open floor plans. | Class A Property This property is rated Class A. It is a top-tier property in a desirable neighborhood, featuring premium construction, modern finishes, and strong rental demand—ideal for stable appreciation and high-quality tenants.

Welcome to 551 Centerline Roper Loop in Silo Ridge Estates, a premium new construction opportunity located in the growing town of Byhalia, Mississippi. This spacious 5-bedroom, 3-bathroom home offers 2,590 square feet of thoughtfully designed living space on a generous 1.5-acre parcel.

The popular Cypress floor plan was created with flexibility in mind, featuring two bedrooms on the main level — ideal for a home office or guest suite — and three additional bedrooms upstairs, including one with its own sitting area. The open-concept layout centers around a welcoming family room that connects to a chef-inspired kitchen with stylish finishes and direct access from the garage.

The private primary suite is tucked away on the main level and includes a spa-style bathroom with a walk-through shower, soaking tub, dual vanities, and two walk-in closets.

Set in a quiet, wooded neighborhood, Silo Ridge Estates is perfect for residents seeking the tranquility of semi-rural living without sacrificing access to major employers, schools, and retail. Whether you're looking to invest or settle in, this home offers space, style, and long-term value.

Features + Upgrades

  • LVP or Flooring in common areas
  • Carpet in bedrooms
  • Ceramic tile in primary bathrooms
  • LVP flooring in bathrooms
  • Flat paint
  • Backsplashes available (upgrade)
  • Granite or quartz (upgrade) countertops
  • Cultured marble bathroom countertops
  • 9′ or 10′ ceilings
  • Designer Lighting Package
  • Stainless steel dishwasher, microwave, electric (gas available – upgrade) range
  • Gas fireplace with modern mantle

📋

View List of Included Features

Incentives for Investors

💰 Up to $20,000 in Incentives
💰 Apply towards the purchase price, closing costs, home upgrades, and/or property management services through our Investor Incentive Program.
🏅 Rent Warranty
🏅 Enjoy immediate rental income from Day 1 with our rent warranty, covering the first lease term (18-24 months).
🏡 Property Upgrades
🏡 Enhance your investment with premium features such as 2” faux wood blinds, a 6-foot privacy fence, and a stainless steel refrigerator.
💵 First Tenant is Free
💵 We’ll waive the first lease-up fee and find your first tenant at no cost—equivalent to one month’s rent in savings.
✈️ Free Trip to Memphis
✈️ Pre-qualify for our Investor Exploration Program and receive complimentary airfare, lodging, property tours, and meals for you and a guest.
Limited time offer. Call (901) 300-2260 to lock in your savings.
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📊 Investment Overview

Buy this property for $404,995 and earn $2,750 per month in estimated rent.

Initial Investment
Purchase Price:
$404,995
Down Payment (30%):
$121,499
Closing Costs & Fees:
$6,000
Total Cash Investment:
$127,499
Financing Details
Loan Amount (70%):
$262,500
Mortgage Rate:
50%
Monthly Mortgage Payment:
$1,616
Annual Expenses
Mortgage Payment (P&I):
$19,395
Property Taxes:
$4,354
Insurance Premium:
$875
HOA Fees:
$250
Vacancy Loss:
$1,320
Maintenance Costs:
$1,267
Property Management:
$3,168
Total Annual Expenses (GSI):
$24,874
Projected Income
Estimated Monthly Rent:
$2,750
Estimated Annual Rent (GSI):
$33,000
Gross Operating Income (GOI):
$31,680
Net Operating Income (NOI) :
$8,126
Metrics & ROI
10-Year Internal Rate of Return:
11.0%
10-Year Avg. Cash-On-Cash ROI:
2.6%
Cash-On-Cash ROI + Debt Paydown ROI:
6.1%
Capitalization Rate (First Year):
5.2%
Real Estate Value in 10 Years:
$599,492
Economic Assumptions
Year:
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Vacancy Rate (% of GSI):
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
Maintenance Rate (% of GOI):
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
Property Mgmt Rate (% of GOI):
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
Property Appreciation Rate:
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
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):
-
-
-
-
-
-
-
-
-
7%
Vacancy Rate (% of GSI):
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
Maintenance Rate (% of GOI):
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
Property Mgmt Rate (% of GOI):
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
Property Appreciation Rate:
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
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):
-
-
-
-
-
-
-
-
-
7%
INITIAL INVESTMENT
?
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.
Purchase Price
$ 
Closing Costs & Fees
$ 
Down Payment
$ 
=$112,500
30%
Mortgage Rate
(30 Yr Fixed)
% 
6.3%
INCOME AND EXPENSES
?
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*
$ 
Annual Property Tax
$ 
Annual Insurance Premium
$ 
Annual HOA Fees
$ 
ECONOMIC ASSUMPTIONS
?
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.
Vacancy Rate (% of GSI)
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Maintenance Rate (% of GOI)
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Property Mgmt Rate (% of GOI)
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Property Appreciation Rate
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Rent Appreciation Rate
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Expense Inflation Rate
% Advanced +
Year 1%
Year 2%
Year 3%
Year 4%
Year 5%
Year 6%
Year 7%
Year 8%
Year 9%
Year 10%
Sales Cost Rate (% of Price)
%
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
$404,995
Down Payment (30%)
$112,500
Closing Costs & Fees
$6,000
Total Cash Investment
$118,500
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 (70.0%)
$262,500
Debt Service (P&I), Monthly
$1,616
Debt Service (P&I), Annual
$19,395
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
2.6%
Cash-On-Cash ROI + Debt Paydown ROI
Avg 10-Year CoC + Debt Paydown ROI, Excl. Appreciation
6.1%
Capitalization Rate (First Year)
First Year Net Operating Income ÷ Purchase Price
5.2%
10-Year Internal Rate of Return
IRR per Year
11.0%
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About These Calculations

All numbers are estimates for illustration only and not guaranteed. Actual performance, pricing, and rent may vary. This is not a commitment to sell or invest. Please consult your financial advisor. 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.

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Invest In Byhalia Real Estate

Properties / Mississippi / Byhalia / Silo Ridge Estates / 551 Centerline Roper Loop
  • 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.
    • 🏡 Subdivision - Silo Ridge Estates
    • 📌 Lot 8
    • 🌳65340 SF Lot
    • 📐 Floor Plan - Cypress Side Load C - 1794C
    • 🇺🇸 County - Marshall
    🏦
    $4,354 Annual Property Tax
    📬
    $250 Annual HOA Fees
    🛡️
    $875 Insurance Premium

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    212 Centerline Roper Loop, Byhalia, MS 38611
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    495 Centerline Roper Loop, Byhalia, MS 38611
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    Contact

    Investor Sales and Support:
    (901) 300-2260

    Property Management:
    (901) 300-3266
    General Inquiries:
    info@meridianpac.com
    Local Office:
    2760 Colony Park Drive, Suite 103 Memphis, TN 38118

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