5982 MICHAELSON DR

OLIVE BRANCH, MS 38654
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5 bd, 2 ba | 2,173 sqft | Built in 1997

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List Price
$335,000

Initial Investment

$91,288

Purchase Price

$335,000

Down Payment

25%

Rent

$2,090

Total Return

$140,549

Annualized Return

20.2%

Cap Rate

5.2%

Gross Yield

7.5%

Cash Flow

-$1,677

Appreciation

7.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,246

HOA

None

Flood Risk

Not Required

This spacious and versatile home offers ample room for comfortable living both inside and out. The front of the home makes a great first impression with beautifully bricked flower beds and well-designed landscaping, providing excellent curb appeal. Inside, the home features five bedrooms and a dedicated home office, offering plenty of space to accommodate a variety of needs. The large great room, open to the formal dining area, is enhanced by a gas fireplace and luxury vinyl plank flooring that flows throughout the common areas, creating a warm and inviting atmosphere.
The large eat-in kitchen is flooded with natural light and boasts white painted cabinets, granite countertops, and great pantry space, providing abundant storage and prep space. The adjacent laundry room includes a wall of cabinetry for additional organization. High ceilings add to the open feel of the home, which is predominantly one level, with the exception of the upstairs bonus room. The thoughtfully designed split bedroom plan ensures privacy, while the large primary suite offers nice- sized bedroom and a salon bathroom with an oversized, beautifully tiled shower, jetted tub, walk-in closet, and dual sinks. The hall bath also features a spacious walk-in shower.
Bedrooms 2 & 3 can be found on the other side of the home. A spacious 20x12 fourth bedroom on the main level includes built-in cabinetry and is located next to the home office. Upstairs, the 20x14 bonus room offers flexibility for a variety of uses, including a 5th bedroom.
Outside, the expansive backyard is both private and functional, with a large patio, gutter guards, a storm door, and two substantial storage buildings—one 20x12 and the other 12x10, wired and suitable as a workshop—providing plenty of room for tools and hobbies. The backyard is fully fenced and features a fire pit area and pecan trees, perfect for outdoor gatherings. Located in the heart of Olive Branch, this home offers easy access to Highway 78 and is conveniently close to Olive Branch High School and Old Towne Olive Branch, known for its dining and shopping options.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$23,826

Expenses

-$4,241

Property Taxes

-$3,050

Loan Payments

-$18,212

Net Cash Flow

-$1,677

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Similar Listings



Listing Courtesy of:Tracy Kirkley
Agent License B-18348
Crye-Leike Of MS-OB
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4109197
Last Updated: 04/08/2025 16:04
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