1148 Marble St · Jackson, MS 39212

$55,000

3 bd · 1.5 ba · 1,200 sqft · SingleFamily public records · 169 Days on market

Built 1962 0.36 ac lot $46/sqft · 19% below area Est $68k · 19% under ↓ 39% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.6/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property with three bedrooms, 2 bathrooms and a very large backyard should be yours. With just a little TLC, this home will make the perfect investment property or personal residence. The covered back patio which leads to the backyard has limitless possibilities. The open layout in the kitchen and separate living room are a must see. You won't be disappointed with the two bathrooms. Schedule today to see view this home for yourself!

Key facts

• Large backyard
• Open layout
• Covered back patio

Tags

• LARGE BACKYARD
• COVERED BACK PATIO
• OPEN LAYOUT
• SEPARATE LIVING ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $551 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.3% vs local median 9.9% in Jackson — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#66 in MS) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, amenities F, employment F.
• Jackson Public School District (urban): math 9% / reading 18% proficiency, ranked #112 of 130 in MS (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 88% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.2%/yr); 302 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 169 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y ago; this cycle's ask has dropped $13k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $48,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 2.16% ✓
• Cap rate: 18.32%
• Cash-on-cash: 42.97%
• DSCR: 2.91
• GRM: 3.9

CMA / ARV

• ARV (median comp): $68,118
• List price: $55,000
• Delta: -19.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3144 Fleetwood Dr	0.25mi	3/2.0	1,204 (+0%)	1mo	$59,900	$50	85
1907 Bienville Dr	0.15mi	3/2.0	1,308 (+9%)	4mo	$69,000	$53	73
1928 Teakwood Dr	0.23mi	3/2.0	1,299 (+8%)	3mo	$68,000	$52	71
1026 Branch St	0.46mi	3/2.0	1,236 (+3%)	3mo	$55,000	$44	69
1340 Woody Dr	0.69mi	3/1.0	1,208 (+1%)	1mo	$59,900	$50	64
983 Branch St	0.54mi	3/2.0	1,252 (+4%)	4mo	$60,000	$48	62
3133 Longwood Dr	0.65mi	3/1.5	1,224 (+2%)	7mo	$55,000	$45	60
1056 Brookley	0.59mi	3/2.0	1,248 (+4%)	8mo	$50,000	$40	57
1010 Deryll St	0.67mi	3/2.0	1,143 (-5%)	3mo	$49,900	$44	56
1062 Westway St	0.52mi	3/1.5	1,066 (-11%)	2mo	$119,500	$112	56
1416 Wooddell Dr	0.50mi	3/2.0	1,357 (+13%)	4mo	$35,000	$26	49
950 Woodville Dr	0.47mi	3/1.5	1,362 (+14%)	10mo	$17,500	$13	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.23% rent growth · sell at horizon

5-year hold

• IRR: 41.2%
• Equity multiple: 2.80×
• Total profit: $27,722
• Equity at exit: $8,201

10-year hold

• IRR: 48.0%
• Equity multiple: 5.92×
• Total profit: $75,725
• Equity at exit: $4,755

Cash invested: $15,400 (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 39212

• Home prices YoY: -11.7%
• Rents YoY: 4.2%
• Active inventory: 302
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,189 high
• Mortgage (P&I): −$288
• Tax from tax record: −$77 /mo · $918/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $551

Break-even live

Break-even rent $491

Max offer price $55,000

Occupancy floor 49%

Sensitivity live

Price	-10% $583	-5% $567	+0% $551	+5% $536	+10% $520
Rent	-10% $458	-5% $504	+0% $551	+5% $598	+10% $645
Rate	-1.0pp $579	-0.5pp $565	base $551	+0.5pp $537	+1.0pp $523

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3341 Suncrest Dr Jackson, MS	4.0	1.0	1292	$1,225	$0.95	44d	1	0.63mi
1054 Deryll St Jackson, MS	3.0	1.5	1132	$1,050	$0.93	14d	1	0.65mi
1018 Deryll St Jackson, MS	3.0	1.0	1056	$900	$0.85	24d	1	0.66mi
1010 Deryll St Jackson, MS	3.0	2.0	1143	$1,050	$0.92	14d	1	0.66mi
3308 Ramona St Jackson, MS	3.0	1.0	1104	$1,150	$1.04	22d	1	0.73mi
1219 Woody Dr Jackson, MS	3.0	1.0	1058	$1,150	$1.09	24d	1	0.77mi
3049 Lakewood Dr Jackson, MS	3.0	1.0	1200	$975	$0.81	44d	1	0.78mi
427 McDowell Park Cir Jackson, MS	3.0	1.5	1308	$1,200	$0.92	14d	1	0.84mi
3030 Oak Forest Dr Jackson, MS	3.0	2.0	1200	$1,100	$0.92	14d	1	0.96mi
3030 Oak Forest Dr Jackson, MS	3.0	1.5	1200	$1,100	$0.92	44d	1	0.96mi
3122 Oak Forest Dr Jackson, MS	3.0	2.0	1421	$1,100	$0.77	44d	1	0.98mi
3162 Oak Forest Dr Jackson, MS	3.0	1.5	1280	$1,236	$0.97	44d	1	1.00mi
3151 Shirley Dr Jackson, MS	4.0	2.0	1474	$1,306	$0.89	14d	1	1.12mi
5136 Lurline Dr Unit Ma Jackson, MS	3.0	1.5	1134	$1,100	$0.97	14d	1	1.13mi
1513 Maria Dr Jackson, MS	3.0	2.0	1120	$1,200	$1.07	14d	1	1.18mi
1513 Maria Dr Jackson, MS	3.0	2.0	1120	$1,200	$1.07	24d	1	1.18mi
2873 Teresa Dr Jackson, MS	3.0	1.0	1100	$1,100	$1.00	44d	1	1.22mi
1533 Raymond Rd Jackson, MS	2.0	1.0	1135	$1,010	$0.89	44d	1	1.22mi
1223 Marydale Dr Jackson, MS	3.0	1.0	1300	$950	$0.73	44d	1	1.22mi
1126 Barbara Ann Dr Jackson, MS	3.0	1.0	1343	$1,000	$0.74	14d	1	1.33mi
1126 Barbara Ann Dr Jackson, MS	3.0	1.0	1343	$1,000	$0.74	44d	1	1.33mi
1805 Hospital Dr Jackson, MS	3.0	2.0	1335	$1,050	$0.79	14d	1	1.46mi

Listing history 32 events

1. 2026-06-18
   days on market $55,000 Active 169 DOM
2. 2026-06-17
   days on market $55,000 Active 168 DOM
3. 2026-06-16
   days on market $55,000 Active 167 DOM
4. 2026-06-15
   days on market $55,000 Active 166 DOM
5. 2026-06-14
   days on market $55,000 Active 164 DOM
6. 2026-06-13
   days on market $55,000 Active 163 DOM
7. 2026-06-10
   days on market $55,000 Active 161 DOM
8. 2026-06-09
   days on market $55,000 Active 160 DOM
9. 2026-06-08
   days on market $55,000 Active 159 DOM
10. 2026-06-07
    days on market $55,000 Active 158 DOM
11. 2026-06-05
    days on market $55,000 Active 155 DOM
12. 2026-06-03
    days on market $55,000 Active 154 DOM
13. 2026-06-02
    days on market $55,000 Active 153 DOM
14. 2026-06-01
    days on market $55,000 Active 152 DOM
15. 2026-05-31
    days on market $55,000 Active 151 DOM
16. 2026-05-30
    days on market $55,000 Active 150 DOM
17. 2026-05-14
    price $55,000 441-char remark

    Show marketing remark (441 chars)

    This property with three bedrooms, 2 bathrooms and a very large backyard should be yours. With just a little TLC, this home will make the perfect investment property or personal residence. The covered back patio which leads to the backyard has limitless possibilities. The open layout in the kitchen and separate living room are a must see. You won't be disappointed with the two bathrooms. Schedule today to see view this home for yourself!

18. 2026-01-21
    price $67,000 441-char remark

    Show marketing remark (441 chars)

    This property with three bedrooms, 2 bathrooms and a very large backyard should be yours. With just a little TLC, this home will make the perfect investment property or personal residence. The covered back patio which leads to the backyard has limitless possibilities. The open layout in the kitchen and separate living room are a must see. You won't be disappointed with the two bathrooms. Schedule today to see view this home for yourself!

19. 2025-12-30
    listed $68,000 Active 441-char remark

    Show marketing remark (441 chars)

    This property with three bedrooms, 2 bathrooms and a very large backyard should be yours. With just a little TLC, this home will make the perfect investment property or personal residence. The covered back patio which leads to the backyard has limitless possibilities. The open layout in the kitchen and separate living room are a must see. You won't be disappointed with the two bathrooms. Schedule today to see view this home for yourself!

20. 2023-02-28
    soldstatus
21. 2021-10-02
    historical
22. 2021-10-02
    historical
23. 2020-06-23
    soldstatus
24. 2009-10-30
    soldstatus
25. 2009-10-28
    soldstatus
26. 2009-09-14
    listed $20,000
27. 2009-04-21
    historical
28. 2009-03-30
    listed $39,900
29. 2008-12-09
    listed $49,900
30. 2008-09-24
    listed $90,000
31. 2007-12-04
    soldstatus
32. 1966-08-06
    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: $918 · $77/mo
• Projected year-2 tax: $918 · $77/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,268
• − Mortgage interest: −$3,081
• − Property taxes: −$918
• − Insurance: −$275
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − Depreciation: −$1,600
• Taxable income: $6,111
• Est. tax owed @ 24.0%: −$1,467
• After-tax cash flow: $5,151/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: Jackson Public School District
• NCES district ID: 2802190
• Math proficiency: 9% ▼ -14.00%
• Reading proficiency: 18% ▼ -7.00%
• Median HH income: $33,234
• Composite: 10.89/100
• National rank: #9755
• State rank: #112 of 130 in MS

Livability — Jackson

• Score: 68/100
• State rank: #66
• US rank: #9695

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jackson, MS
• County: Hinds County · 167,040 people
• City population: 140,204
• Metro: Jackson, MS
• Population (ZIP): 25,659
• Household income: $50,722
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 1314.0

Population outlook (Hinds County) Hauer SSP2

• Today (2025): 242,528 people
• By 2030: 241,113 · -0.6%
• By 2040: 235,557 · -2.9%
• By 2050: 226,946 · -6.4%
• By 2075: 199,995 · -17.5%
• By 2100: 164,165 · -32.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (86%)
• Race & ethnicity: Black 86% White 9% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Serbian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Hinds

• 2024 margin: Solid D (+46.1) · D 72.4% · R 26.3% · Other 1.4%
• 2008→2024 swing: +7.1pp toward D · 2008: 39.0pp · 2024: 46.1pp
• All cycles: 2024: D+46.1 2020: D+48.3 2016: D+43.7 2012: D+45.1 2008: D+39.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.01%
• Current HPI: 174.4025
• Rent YoY: ▲ 4.23%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-38.9% since first listed

16 events — show timeline

• 2026-05-14 Price Changed $55,000 MLSU
• 2026-01-21 Price Changed $67,000 MLSU
• 2025-12-30 Listed $68,000 MLSU
• 2023-02-28 Sold (Public Records) — Public Records
• 2021-10-02 Listing Removed — MLSU
• 2021-10-02 Listing Removed — MLSU
• 2020-06-23 Sold (Public Records) — Public Records
• 2009-10-30 Sold (MLS) — MLSU
• 2009-10-28 Sold (Public Records) — Public Records
• 2009-09-14 Listed $20,000 MLSU
• 2009-04-21 Listing Removed — MLSU
• 2009-03-30 Listed $39,900 MLSU
• 2008-12-09 Listed $49,900 MLSU
• 2008-09-24 Listed $90,000 MLSU
• 2007-12-04 Sold (Public Records) — Public Records
• 1966-08-06 Sold (Public Records) — Public Records

Property tax history

-2.2%/yr

Latest (2025): $918 · +1.1% YoY. Source: county tax records.