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5680 Tucker Landing

Horn Lake, MS 38637
5 Bedrooms
3 Baths
2,200 S.F.
0.35 Acres

Buy this property for $353,000 and earn $0 per month in estimated rent.

This featured home represents the floor plan. Actual front elevation, color, and finishes may vary. For more information, please contact a sales agent.

About

In The Blue Jay, one of our most popular floor plans, you’ll find the perfect combination of architectural details and modern, elegant touches. Soaring, vaulted ceilings and an electric fireplace help create just the right ambiance whether your gathering is grand and intimate. The plan’s kitchen includes stainless-steel appliances, granite countertops, a peninsula-style eat-in area, ample cabinet space, an island for meal prep, and a walk-in pantry. Tucked away from the main living area for maximum privacy is the primary bedroom complete with en-suite bathroom. The bathroom features a separate shower and soaking tub, dual vanities, and 2 graciously sized walk-in closets. On the opposite side of the home, there are 2 additional bedrooms and a bathroom. Upstairs you’ll find two bedrooms (or rec room and home office), and one full bathroom.

Features

Flooring:
  • LVP flooring in common areas
Bathrooms:
  • Free standing master bathtub
Appliances:
  • Stainless steel dishwasher
Kitchen:
  • Granite countertops
Construction:
  • New construction
Climate:
  • Electric Fireplace
Exterior:
  • Brick veneer exterior

FIGURES

Buy for $353,000
5 Bedrooms
3 Baths
2,200 S.F.
Floor Plan Model: Blue Jay
, Elevation B
2 Levels
0.35 Acres
Built in 2023
2 Garage Spaces

ROOMS

  • 5 Bedrooms
  • 3 Baths
  • Laundry room

eDUCATION

School District:
High School:
Middle School:
Elementary School:
School Rating:

utilities

  • Cable available

Investor Specials

  • Stainless steel refrigerator

Investor Incentives

Contact Brian Conlon to learn about investor incentives not advertised online. Call Brian at (760) 798-3095 or email [email protected].

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.
  • County:
    DeSoto
    City:
    Horn Lake
    State:
    MS
    Zipcode:
    38637
    Community:
    Nicole Place
    Lot:
    184

    Get Directions

    Finances

    Sales Price:
    $353,000
    Annual City Tax:
    $1,342
    Annual County Tax:
    $2,631
    Combined Taxes:
    $ 3,973
    Annual HOA:
    $185 [ $15.42 per month]

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    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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    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.
    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.
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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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    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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