1430 Hendricks St · Columbia, MS 39429

$109,500

4 bd · 1.0 ba · 1,478 sqft · SingleFamily public records · 40 Days on market

Built 1958 0.29 ac lot $74/sqft · 124% above area

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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 +28.4/30.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very nice 4BR-2Bath remodeled home in the heart of Columbia! This home is move in ready and features new flooring throughout, new screws in the metal roof, countertops, paint, stove, and microwave! Convenient location for quick access to restaurants, shopping, grocery store, and schools including Columbia and Columbia Academy Schools! A must see if you are looking for a great priced 4BR-2Bath home in Columbia!

Key facts

• New stove
• New flooring
• New paint

Tags

• REMODELED HOME
• NEW FLOORING
• NEW COUNTERTOPS
• NEW PAINT
• NEW STOVE
• NEW MICROWAVE

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Electricity available; Water available; Sewer: other; Water source: other
• Home design: Single-family house; One story; Raised foundation
• Construction: Vinyl siding; Built according to public records
• Exterior features: Metal roof; Lot of about 0.29 acres

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Central heating; Electric heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $353 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $106k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#154 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime B, housing B; Watch: schools D, health & safety D, amenities F.
• Columbia School District (town): math 39% / reading 39% proficiency, ranked #45 of 130 in MS (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 133 active listings in the ZIP; 2 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $757 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marion County population projected at -33% 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 $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago 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

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% 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 $106,215 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.82%
• DSCR: 1.61
• GRM: 6.7

CMA / ARV

• ARV (median comp): $49,519
• List price: $109,500
• Delta: 121.13%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1011 Chickasaw Trl	0.40mi	4/2.0	1,688 (+14%)	18mo	$178,000	$105	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.0%
• Equity multiple: 1.15×
• Total profit: $4,741
• Equity at exit: $16,327

10-year hold

• IRR: 13.5%
• Equity multiple: 2.08×
• Total profit: $33,088
• Equity at exit: $9,468

Cash invested: $30,660 (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 39429

• Active inventory: 133
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,367 medium
• Mortgage (P&I): −$574
• Tax from tax record: −$107 /mo · $1,287/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $353

Break-even live

Break-even rent $920

Max offer price $109,500

Occupancy floor 69%

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: $27,375
• Closing costs: $3,285
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $109,500 Active 40 DOM
2. 2026-06-17
   days on market $109,500 Active 39 DOM
3. 2026-06-16
   days on market $109,500 Active 38 DOM
4. 2026-06-15
   days on market $109,500 Active 37 DOM
5. 2026-06-13
   days on market $109,500 Active 35 DOM
6. 2026-06-12
   days on market $109,500 Active 34 DOM
7. 2026-06-09
   days on market $109,500 Active 31 DOM
8. 2026-06-08
   days on market $109,500 Active 30 DOM
9. 2026-06-07
   days on market $109,500 Active 29 DOM
10. 2026-06-07
    days on market $109,500 Active 28 DOM
11. 2026-06-04
    days on market $109,500 Active 25 DOM
12. 2026-06-02
    days on market $109,500 Active 24 DOM
13. 2026-06-01
    days on market $109,500 Active 23 DOM
14. 2026-05-31
    days on market $109,500 Active 22 DOM
15. 2026-05-09
    listed $109,500 Active 413-char remark
16. 2026-05-07
    listed $109,500 Active 413-char remark

    Show marketing remark (413 chars)

    Very nice 4BR-2Bath remodeled home in the heart of Columbia! This home is move in ready and features new flooring throughout, new screws in the metal roof, countertops, paint, stove, and microwave! Convenient location for quick access to restaurants, shopping, grocery store, and schools including Columbia and Columbia Academy Schools! A must see if you are looking for a great priced 4BR-2Bath home in Columbia!

17. 2025-10-02
    soldstatus Closed

    Show marketing remark (292 chars)

    Great investment opportunity to add to your rental portfolio with this 4BR-2Bath home in Columbia!! Great location convenient to restaurants, shopping, grocery stores, and everything Columbia has to offer! Convenient to Columbia School and Columbia Acadamy! Act fast this one won't last long!

18. 2025-10-02
    soldstatus Closed

    Show marketing remark (292 chars)

    Great investment opportunity to add to your rental portfolio with this 4BR-2Bath home in Columbia!! Great location convenient to restaurants, shopping, grocery stores, and everything Columbia has to offer! Convenient to Columbia School and Columbia Acadamy! Act fast this one won't last long!

19. 2025-08-13
    status Pending

    Show marketing remark (292 chars)

    Great investment opportunity to add to your rental portfolio with this 4BR-2Bath home in Columbia!! Great location convenient to restaurants, shopping, grocery stores, and everything Columbia has to offer! Convenient to Columbia School and Columbia Acadamy! Act fast this one won't last long!

20. 2025-08-13
    status Pending

    Show marketing remark (292 chars)

    Great investment opportunity to add to your rental portfolio with this 4BR-2Bath home in Columbia!! Great location convenient to restaurants, shopping, grocery stores, and everything Columbia has to offer! Convenient to Columbia School and Columbia Acadamy! Act fast this one won't last long!

21. 2025-07-05
    listed $45,000 Active
22. 2025-07-04
    listed $45,000 Active

    Show marketing remark (292 chars)

    Great investment opportunity to add to your rental portfolio with this 4BR-2Bath home in Columbia!! Great location convenient to restaurants, shopping, grocery stores, and everything Columbia has to offer! Convenient to Columbia School and Columbia Acadamy! Act fast this one won't last long!

23. 2024-11-05
    price $59,900
24. 2024-09-23
    price $75,000
25. 2024-06-26
    price $79,000
26. 2024-05-01
    listed $109,000 Active
27. 2016-03-16
    soldstatus
28. 2015-12-15
    listed $9,000
29. 2015-08-11
    listed $12,800

ⓘ 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: $1,287 · $107/mo
• Projected year-2 tax: $1,287 · $107/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $16,407
• − Mortgage interest: −$6,134
• − Property taxes: −$1,287
• − Insurance: −$548
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$3,185
• Taxable income: $2,628
• Est. tax owed @ 24.0%: −$631
• After-tax cash flow: $3,605/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: Columbia School District
• NCES district ID: 2801170
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $31,192
• Composite: 31.87/100
• National rank: #5866
• State rank: #45 of 130 in MS

Livability — Columbia

• Score: 63/100
• State rank: #154
• US rank: #15293

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbia, MS
• Population (ZIP): 16,583

Population outlook (Marion County) Hauer SSP2

• Today (2025): 22,813 people
• By 2030: 21,301 · -6.6%
• By 2040: 18,176 · -20.3%
• By 2050: 15,215 · -33.3%
• By 2075: 9,388 · -58.8%
• By 2100: 5,335 · -76.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 34% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.6) · D 28.7% · R 70.4%
• 2008→2024 swing: -10.2pp toward R · 2008: -31.4pp · 2024: -41.6pp
• All cycles: 2024: R+41.6 2020: R+36.8 2016: R+36.0 2012: R+29.8 2008: R+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.11%
• Current HPI: 132.3278
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+755.5% since first listed

15 events — show timeline

• 2026-05-09 Listed $109,500 MLSU
• 2026-05-07 Listed $109,500 HAAR
• 2025-10-02 Sold (MLS) — MLSU
• 2025-10-02 Sold (MLS) — HAAR
• 2025-08-13 Pending — HAAR
• 2025-08-13 Pending — MLSU
• 2025-07-05 Listed $45,000 MLSU
• 2025-07-04 Listed $45,000 HAAR
• 2024-11-05 Price Changed $59,900 HAAR
• 2024-09-23 Price Changed $75,000 HAAR
• 2024-06-26 Price Changed $79,000 HAAR
• 2024-05-01 Listed $109,000 HAAR
• 2016-03-16 Sold (MLS) — HAAR
• 2015-12-15 Listed $9,000 HAAR
• 2015-08-11 Listed $12,800 HAAR

Property tax history

+11.1%/yr

Latest (2025): $1,287 · +20.7% YoY. Source: county tax records.