615 Mohawk Ave · Jackson, MS 39216

$149,900

2 bd · 1.0 ba · 1,271 sqft · SingleFamily public records · 250 Days on market

Built 1938 10,454 sqft lot $118/sqft · 25% below area Est $240k · 38% under ↓ 13% since listing

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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 +20.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +5.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Major price improvement—sellers are ready to move. Well-positioned residential property in Jackson offering strong potential for first-time buyers or buyers seeking value-add opportunity. Priced competitively to reflect current condition and market positioning, creating an attractive entry point for renovation or long-term hold. Conveniently located with access to major corridors, shopping, and local amenities. Property sold as-is. Seller prefers a quick closing and will prioritize clean, well-qualified offers. Proof of funds or lender pre-approval required with all offers.

Key facts

• Sunroom
• Screened porch
• Bungalow

Tags

• BUNGALOW
• SUNROOM
• DETACHED STORAGE BUILDING
• SCREENED PORCH
• BUILT-IN DISPLAY CABINETS
• BACKYARD RETREAT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $188 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 9.9% in Jackson — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 42 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($44k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 250 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $35k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 250 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 1938 — 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: 1.05% ✓
• Cap rate: 7.80%
• Cash-on-cash: 5.39%
• DSCR: 1.24
• GRM: 7.9

CMA / ARV

• ARV (median comp): $240,403
• List price: $149,900
• Delta: -37.65%
• 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
3403 Galloway Ave	0.50mi	2/1.0	1,280 (+1%)	2mo	$155,000	$121	74
342 Iroquois Ave	0.32mi	3/1.5 (+1)	1,300 (+2%)	5mo	$157,500	$121	70
540 Woodland Hills Pl	0.24mi	2/2.5	1,321 (+4%)	10mo	$84,900	$64	68
4058 Robin Dr	0.21mi	3/2.0 (+1)	1,344 (+6%)	8mo	$212,000	$158	66
535 Hartfield St	0.62mi	2/1.0	1,212 (-5%)	2mo	$165,000	$136	62
214 Melbourne Rd Rd	0.65mi	2/1.0	1,207 (-5%)	6mo	$85,000	$70	56
417 Dunbar St	0.47mi	3/2.0 (+1)	1,362 (+7%)	2mo	$174,900	$128	56
731 Gardner St	0.60mi	3/1.0 (+1)	1,347 (+6%)	7mo	$209,000	$155	51
443 Meadowbrook Rd	0.32mi	3/1.0 (+1)	1,088 (-14%)	7mo	$95,000	$87	50
309 Dunbar St	0.59mi	3/1.0 (+1)	1,381 (+9%)	8mo	$15,000	$11	46
310 Hartfield St	0.67mi	3/2.0 (+1)	1,150 (-10%)	12mo	$98,000	$85	34
3072 Downing St	0.70mi	3/2.0 (+1)	1,371 (+8%)	16mo	$125,000	$91	32

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: -7.9%
• Equity multiple: 0.71×
• Total profit: $-12,249
• Equity at exit: $22,351

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $4,938
• Equity at exit: $12,961

Cash invested: $41,972 (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 39216

• Home prices YoY: -8.0%
• Active inventory: 42
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,575 high
• Mortgage (P&I): −$786
• Tax from tax record: −$207 /mo · $2,490/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $188

Break-even live

Break-even rent $1,337

Max offer price $149,900

Occupancy floor 83%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4056 Redwing Ave Jackson, MS	3.0	2.0	1678	$1,850	$1.10	44d	1	0.14mi
4220 Council Cir Jackson, MS	3.0	2.5	1780	$1,850	$1.04	23d	1	0.14mi
4091 Pine Hill Dr Jackson, MS	3.0	2.0	1551	$3,000	$1.93	23d	1	0.34mi
3611 N State St Jackson, MS	3.0	2.5	1540	$1,800	$1.17	44d	1	0.36mi
724 Meadowbrook Rd Jackson, MS	3.0	2.0	1593	$2,150	$1.35	44d	1	0.49mi
3309 N State St Jackson, MS	2.0	1.5	1300	$1,495	$1.15	14d	1	0.55mi
327 Decelle St Jackson, MS	2.0	1.0	1120	$1,000	$0.89	23d	1	0.62mi
327 Decelle St Unit a Jackson, MS	2.0	1.0	1120	$1,200	$1.07	44d	1	0.62mi
214 Melbourne Rd Jackson, MS	3.0	2.0	1207	$1,500	$1.24	44d	1	0.68mi
3718 Northbrook Dr Jackson, MS	2.0	1.0	942	$1,050	$1.11	23d	1	0.69mi
4426 Desoto St Jackson, MS	3.0	1.0	1079	$1,250	$1.16	14d	1	0.72mi
4426 Desoto St Jackson, MS	3.0	1.0	1079	$1,250	$1.16	23d	1	0.72mi
200 Stillwood Dr Jackson, MS	3.0	2.0	1088	$1,300	$1.19	44d	1	0.76mi
200 Stillwood Dr Jackson, MS	3.0	2.0	1088	$1,300	$1.19	14d	1	0.76mi
4627 Estelle Dr Jackson, MS	3.0	2.0	1489	$1,475	$0.99	23d	1	1.03mi
533 Stillwood Dr Jackson, MS	2.0	1.0	906	$820	$0.91	14d	1	1.11mi
4833 N State St Jackson, MS	3.0	2.0	994	$1,195	$1.20	44d	1	1.15mi
4858 Sheridan Dr Jackson, MS	3.0	2.0	1300	$1,550	$1.19	23d	1	1.17mi
3811 Mosley Ave Jackson, MS	2.0	1.0	1000	$1,095	$1.09	21d	1	1.19mi
521 Launcelot Rd Jackson, MS	3.0	2.0	1346	$1,423	$1.06	44d	1	1.19mi
20 N Hill Pkwy Jackson, MS	1.0–3.0	1.0–2.5	1046	$900	$0.86	14d	31	1.29mi

Listing history 14 events

1. 2026-05-18
   status Pending 588-char remark

   Show marketing remark (588 chars)

   Major price improvement—sellers are ready to move. Well-positioned residential property in Jackson offering strong potential for first-time buyers or buyers seeking value-add opportunity. Priced competitively to reflect current condition and market positioning, creating an attractive entry point for renovation or long-term hold. Conveniently located with access to major corridors, shopping, and local amenities. Property sold as-is. Seller prefers a quick closing and will prioritize clean, well-qualified offers. Proof of funds or lender pre-approval required with all offers.

2. 2026-05-01
   price $149,900 588-char remark

   Show marketing remark (588 chars)

   Major price improvement—sellers are ready to move. Well-positioned residential property in Jackson offering strong potential for first-time buyers or buyers seeking value-add opportunity. Priced competitively to reflect current condition and market positioning, creating an attractive entry point for renovation or long-term hold. Conveniently located with access to major corridors, shopping, and local amenities. Property sold as-is. Seller prefers a quick closing and will prioritize clean, well-qualified offers. Proof of funds or lender pre-approval required with all offers.

3. 2026-02-21
   price $159,900 588-char remark

   Show marketing remark (588 chars)

   Major price improvement—sellers are ready to move. Well-positioned residential property in Jackson offering strong potential for first-time buyers or buyers seeking value-add opportunity. Priced competitively to reflect current condition and market positioning, creating an attractive entry point for renovation or long-term hold. Conveniently located with access to major corridors, shopping, and local amenities. Property sold as-is. Seller prefers a quick closing and will prioritize clean, well-qualified offers. Proof of funds or lender pre-approval required with all offers.

4. 2025-10-20
   price $175,000 588-char remark

   Show marketing remark (588 chars)

   Major price improvement—sellers are ready to move. Well-positioned residential property in Jackson offering strong potential for first-time buyers or buyers seeking value-add opportunity. Priced competitively to reflect current condition and market positioning, creating an attractive entry point for renovation or long-term hold. Conveniently located with access to major corridors, shopping, and local amenities. Property sold as-is. Seller prefers a quick closing and will prioritize clean, well-qualified offers. Proof of funds or lender pre-approval required with all offers.

5. 2025-09-10
   listed $185,000 Active 588-char remark

   Show marketing remark (588 chars)

   Major price improvement—sellers are ready to move. Well-positioned residential property in Jackson offering strong potential for first-time buyers or buyers seeking value-add opportunity. Priced competitively to reflect current condition and market positioning, creating an attractive entry point for renovation or long-term hold. Conveniently located with access to major corridors, shopping, and local amenities. Property sold as-is. Seller prefers a quick closing and will prioritize clean, well-qualified offers. Proof of funds or lender pre-approval required with all offers.

6. 2018-08-01
   soldstatus 475-char remark

   Show marketing remark (475 chars)

   Take a look at this cozy cottage in the heart of Fondren. This adorable 2 bedroom home features an updated bathroom complete with subway tile. The living room offers a fireplace and the dining room includes built-in display cabinets. The sunroom located just off the living room is the perfect spot for a morning cup of coffee. The backyard features a detached storage building with a screened porch and fire pit. It's freshly painted and the roof has architectural shingles.

7. 2018-07-27
   soldstatus
8. 2018-03-08
   listed $159,900 475-char remark

   Show marketing remark (475 chars)

   Take a look at this cozy cottage in the heart of Fondren. This adorable 2 bedroom home features an updated bathroom complete with subway tile. The living room offers a fireplace and the dining room includes built-in display cabinets. The sunroom located just off the living room is the perfect spot for a morning cup of coffee. The backyard features a detached storage building with a screened porch and fire pit. It's freshly painted and the roof has architectural shingles.

9. 2012-08-03
   soldstatus
10. 2012-08-03
    soldstatus
11. 2012-05-25
    listed $171,900
12. 2008-06-27
    soldstatus
13. 2005-11-01
    soldstatus
14. 1993-05-10
    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: $2,490 · $207/mo
• Projected year-2 tax: $2,490 · $207/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 19 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: $18,904
• − Mortgage interest: −$8,397
• − Property taxes: −$2,490
• − Insurance: −$750
• − Repairs & maintenance: −$1,512
• − Management: −$1,512
• − Depreciation: −$4,361
• Taxable loss: −$117
• Est. tax savings @ 24.0%: +$28
• After-tax cash flow: $2,290/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): 2,902
• Household income: $43,750
• Rent vs Own: 59.8% rent · 40.2% own
• Severe rent burden: 356.0

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 White (68%)
• Race & ethnicity: White 68% Black 31%
• Common ancestry: Slovak 4% Lithuanian 3% Italian 2%
• Foreign-born: 2% · China
• Languages at home: 96% English-only · Other Indo-European 2% Arabic 1% Spanish 1%

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: ▼ -14.69%
• Current HPI: 168.5049
• Rent YoY: —
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-12.8% since first listed

14 events — show timeline

• 2026-05-18 Pending — MLSU
• 2026-05-01 Price Changed $149,900 MLSU
• 2026-02-21 Price Changed $159,900 MLSU
• 2025-10-20 Price Changed $175,000 MLSU
• 2025-09-10 Listed $185,000 MLSU
• 2018-08-01 Sold (MLS) — MLSU
• 2018-07-27 Sold (Public Records) — Public Records
• 2018-03-08 Listed $159,900 MLSU
• 2012-08-03 Sold (Public Records) — Public Records
• 2012-08-03 Sold (MLS) — MLSU
• 2012-05-25 Listed $171,900 MLSU
• 2008-06-27 Sold (Public Records) — Public Records
• 2005-11-01 Sold (Public Records) — Public Records
• 1993-05-10 Sold (Public Records) — Public Records

Property tax history

+0.9%/yr

Latest (2025): $2,490 · +1.3% YoY. Source: county tax records.