225 County Road 108 · Water Valley, MS 38965

$125,500

2 bd · 1.0 ba · 704 sqft · Other public records · 78 Days on market

Built 1981 1.03 ac lot

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.3/30.0
• DSCR +9.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Livability +3.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great rental property or first-time homeowners. More pictures to come.

Key facts

• New paint
• New cabinets
• New interior doors

Tags

• NEW ROOF
• NEW WINDOWS
• NEW INTERIOR DOORS
• NEW PAINT
• NEW CABINETS
• NEW KITCHEN COUNTERTOP

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $126k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $126k).
• Recommended offer: $118k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#233 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D+, schools F, crime F.
• Water Valley School District (town): math 29% / reading 36% proficiency, ranked #61 of 130 in MS (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 71 active listings in the ZIP; 24 units permitted in Yalobusha County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $868 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Yalobusha County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $117,970 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 9.76%
• Cash-on-cash: 12.39%
• DSCR: 1.55
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.0%
• Equity multiple: 1.08×
• Total profit: $2,715
• Equity at exit: $18,712

10-year hold

• IRR: 11.6%
• Equity multiple: 1.91×
• Total profit: $31,884
• Equity at exit: $10,851

Cash invested: $35,140 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Mississippi: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; very landlord-favorable; no rent control.

Methodology + full state rankings →

ZIP-level market 38965

• Home prices YoY: -22.5%
• Active inventory: 71
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,393 medium
• Mortgage (P&I): −$658
• Tax from tax record: −$27 /mo · $327/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $363

Break-even live

Break-even rent $934

Max offer price $125,500

Occupancy floor 69%

Sensitivity live

Price	-10% $434	-5% $398	+0% $363	+5% $327	+10% $292
Rent	-10% $253	-5% $308	+0% $363	+5% $418	+10% $473
Rate	-1.0pp $426	-0.5pp $395	base $363	+0.5pp $330	+1.0pp $297

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,375
• Closing costs: $3,765
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-04-16
   status Pending
2. 2026-03-26
   price $125,500
3. 2026-03-08
   status Active
4. 2026-02-15
   status Pending
5. 2026-01-06
   listed $130,000 Active
6. 2025-07-25
   soldstatus Closed 70-char remark

   Show marketing remark (70 chars)

   Great rental property or first-time homeowners. More pictures to come.

7. 2025-06-16
   status Pending 70-char remark

   Show marketing remark (70 chars)

   Great rental property or first-time homeowners. More pictures to come.

8. 2025-06-02
   status Active 70-char remark

   Show marketing remark (70 chars)

   Great rental property or first-time homeowners. More pictures to come.

9. 2025-05-16
   status Pending 70-char remark

   Show marketing remark (70 chars)

   Great rental property or first-time homeowners. More pictures to come.

10. 2025-05-14
    listed $59,900 Active 70-char remark

    Show marketing remark (70 chars)

    Great rental property or first-time homeowners. More pictures to come.

11. 2002-09-09
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MS · Resets to sale price

• Current annual tax: $327 · $27/mo
• Projected year-2 tax: $991 · $83/mo
• Expected delta: +$665/yr (+$55/mo · 203.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,716
• − Mortgage interest: −$7,030
• − Property taxes: −$327
• − Insurance: −$628
• − Repairs & maintenance: −$1,337
• − Management: −$1,337
• − Depreciation: −$3,651
• Taxable income: $2,407
• Est. tax owed @ 24.0%: −$578
• After-tax cash flow: $3,777/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Water Valley School District
• NCES district ID: 2804500
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 36% ▼ -3.00%
• Median HH income: $36,107
• Composite: 26.92/100
• National rank: #7083
• State rank: #61 of 130 in MS

Livability — Water Valley

• Score: 60/100
• State rank: #233
• US rank: #19538

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Yalobusha County · 8,963 people
• City population: 8,963
• Metro: Oxford, MS
• Population (ZIP): 8,963
• Household income: $58,258
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 113.0

Population outlook (Yalobusha County) Hauer SSP2

• Today (2025): 12,062 people
• By 2030: 11,811 · -2.1%
• By 2040: 11,297 · -6.3%
• By 2050: 10,771 · -10.7%
• By 2075: 9,679 · -19.8%
• By 2100: 8,400 · -30.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 30% Two or more races 3%
• Common ancestry: Slovak 1% Serbian 1% Iranian 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Yalobusha

• 2024 margin: Strong R (+20.9) · D 38.9% · R 59.9% · Other 1.2%
• 2008→2024 swing: -13.9pp toward R · 2008: -7.0pp · 2024: -20.9pp
• All cycles: 2024: R+20.9 2020: R+13.6 2016: R+13.1 2012: R+4.4 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.65%
• Current HPI: 167.4446
• Rent YoY: —
• Metro: Oxford, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+109.5% since first listed

11 events — show timeline

• 2026-04-16 Pending — MLSU
• 2026-03-26 Price Changed $125,500 MLSU
• 2026-03-08 Relisted — MLSU
• 2026-02-15 Pending — MLSU
• 2026-01-06 Listed $130,000 MLSU
• 2025-07-25 Sold (MLS) — NCMBR
• 2025-06-16 Pending — NCMBR
• 2025-06-02 Relisted — NCMBR
• 2025-05-16 Pending — NCMBR
• 2025-05-14 Listed $59,900 NCMBR
• 2002-09-09 Sold (Public Records) — Public Records

Property tax history

+1.5%/yr

Latest (2025): $327 · +15.0% YoY. Source: county tax records.