1723 Riverside Ave · Clarksdale, MS 38614

$53,000

2 bd · 1.0 ba · 836 sqft · Other public records · 90 Days on market

Built 1940 6,098 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.9/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks MLS

1723 Riverside Avenue | Clarksdale, MS 38614 2 Bed | 1 Bath | 865 Sq Ft Located in the peaceful and inviting Riverside neighborhood, just across the bridge from downtown Clarksdale. This home offers a comfortable layout featuring a living room, dining room, kitchen, laundry room, two bedrooms, and one bathroom—ideal for full-time living, a weekend getaway, or an investment property. The inviting front porch is the perfect place to unwind after a day in downtown Clarksdale and enjoy the sounds of the blues drifting across the Sunflower River. It's the kind of spot where you can truly lose track of time in the afternoons. Unbeatable location: • Walking distance to downtown Clarksdale • Steps from the Sunflower River Trail in one direction and the Duck Walk in the other • Only 1 mile from downtown — just across the bridge Outside, the property features a generous backyard with plenty of room to relax or entertain. A great investment opportunity or a perfect place to hang your own hat in the heart of the Mississippi Delta.

Key facts

• 6,098 sq ft lot
• 2 parking spots
• Built 1940

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $53k.

Deal economics

• At list price, monthly cash flow is $553 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $53k).
• Recommended offer: $50k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.8% vs local median 6.1% in Clarksdale — 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 61/100 on livability (#188 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Clarksdale Municipal School District (town): math 7% / reading 12% proficiency, ranked #121 of 130 in MS (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 94% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 52 active listings in the ZIP; 26 units permitted in Coahoma County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($366 loan paydown + $2k appreciation (3.7% local appreciation)).
• Coahoma County population projected at -36% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.7% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($50k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,820 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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: 2.24% ✓
• Cap rate: 18.81%
• Cash-on-cash: 44.72%
• DSCR: 2.99
• GRM: 3.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 51.0%
• Equity multiple: 3.95×
• Total profit: $43,716
• Equity at exit: $26,042

10-year hold

• IRR: 50.0%
• Equity multiple: 8.00×
• Total profit: $103,816
• Equity at exit: $41,945

Cash invested: $14,840 (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 38614

• Home prices YoY: 3.1%
• Active inventory: 52
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,189 medium
• Mortgage (P&I): −$278
• Tax from tax record: −$86 /mo · $1,031/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $553

Break-even live

Break-even rent $489

Max offer price $53,000

Occupancy floor 48%

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: $13,250
• Closing costs: $1,590
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-11
   status Pending 1121-char remark

   Show marketing remark (1121 chars)

   1723 Riverside Avenue | Clarksdale, MS 38614 2 Bed | 1 Bath | 865 Sq Ft Located in the peaceful and inviting Riverside neighborhood, just across the bridge from downtown Clarksdale. This home offers a comfortable layout featuring a living room, dining room, kitchen, laundry room, two bedrooms, and one bathroom—ideal for full-time living, a weekend getaway, or an investment property. The inviting front porch is the perfect place to unwind after a day in downtown Clarksdale and enjoy the sounds of the blues drifting across the Sunflower River. It's the kind of spot where you can truly lose track of time in the afternoons. Unbeatable location: • Walking distance to downtown Clarksdale • Steps from the Sunflower River Trail in one direction and the Duck Walk in the other • Only 1 mile from downtown — just across the bridge Outside, the property features a generous backyard with plenty of room to relax or entertain. A great investment opportunity or a perfect place to hang your own hat in the heart of the Mississippi Delta.

2. 2026-02-10
   listed $53,000 Active 1121-char remark

   Show marketing remark (1121 chars)

   1723 Riverside Avenue | Clarksdale, MS 38614 2 Bed | 1 Bath | 865 Sq Ft Located in the peaceful and inviting Riverside neighborhood, just across the bridge from downtown Clarksdale. This home offers a comfortable layout featuring a living room, dining room, kitchen, laundry room, two bedrooms, and one bathroom—ideal for full-time living, a weekend getaway, or an investment property. The inviting front porch is the perfect place to unwind after a day in downtown Clarksdale and enjoy the sounds of the blues drifting across the Sunflower River. It's the kind of spot where you can truly lose track of time in the afternoons. Unbeatable location: • Walking distance to downtown Clarksdale • Steps from the Sunflower River Trail in one direction and the Duck Walk in the other • Only 1 mile from downtown — just across the bridge Outside, the property features a generous backyard with plenty of room to relax or entertain. A great investment opportunity or a perfect place to hang your own hat in the heart of the Mississippi Delta.

3. 1994-12-01
   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: $1,031 · $86/mo
• Projected year-2 tax: $1,031 · $86/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 25% 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: $14,263
• − Mortgage interest: −$2,969
• − Property taxes: −$1,031
• − Insurance: −$265
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − Depreciation: −$1,542
• Taxable income: $6,174
• Est. tax owed @ 24.0%: −$1,482
• After-tax cash flow: $5,155/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: Clarksdale Municipal School District
• NCES district ID: 2801050
• Math proficiency: 7% ▼ -12.00%
• Reading proficiency: 12% ▼ -6.00%
• Median HH income: $27,495
• Composite: 7.04/100
• National rank: #9969
• State rank: #121 of 130 in MS

Livability — Clarksdale

• Score: 61/100
• State rank: #188
• US rank: #17376

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clarksdale, MS
• Population (ZIP): 16,384

Population outlook (Coahoma County) Hauer SSP2

• Today (2025): 21,158 people
• By 2030: 19,442 · -8.1%
• By 2040: 16,248 · -23.2%
• By 2050: 13,486 · -36.3%
• By 2075: 8,777 · -58.5%
• By 2100: 6,568 · -69.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (77%)
• Race & ethnicity: Black 77% White 18% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Coahoma

• 2024 margin: Solid D (+39.8) · D 69.4% · R 29.6% · Other 1.1%
• 2008→2024 swing: -4.5pp toward R · 2008: 44.3pp · 2024: 39.8pp
• All cycles: 2024: D+39.8 2020: D+42.9 2016: D+44.4 2012: D+50.3 2008: D+44.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.73%
• Current HPI: 125.1302
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-05-11 Pending — MLSU
• 2026-02-10 Listed $53,000 MLSU
• 1994-12-01 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,031 · +4.3% YoY. Source: county tax records.