1166 Killarney St · Jackson, MS 39212

$60,000

3 bd · 1.5 ba · 1,302 sqft · SingleFamily public records · 160 Days on market

Built 1953 10,018 sqft lot $46/sqft · 39% above area Est $50k · 20% over ↓ 20% 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 +30.0/30.0
• 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
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This updated home has been well maintained and previously used as a vacation property, offering a move-in ready opportunity for its next owner. Whether you're looking for a primary residence or an income-producing property, this home has strong potential. Call your favorite realtor and schedule your showing today!

Key facts

• 0.23 acre lot
• Parking
• Built 1953

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $543 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.2% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $415 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 $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y ago; this cycle's ask has dropped $15k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1953 — 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 $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 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 1953 — 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: 2.09% ✓
• Cap rate: 17.15%
• Cash-on-cash: 38.79%
• DSCR: 2.73
• GRM: 4.0

CMA / ARV

• ARV (median comp): $50,023
• List price: $60,000
• Delta: 19.94%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2646 Revere St	0.15mi	3/1.0	1,360 (+4%)	0mo	$30,000	$22	83
2566 Mcdowell Cir	0.16mi	3/1.5	1,204 (-8%)	3mo	$35,000	$29	78
931 Stuart St	0.37mi	3/2.0	1,363 (+5%)	3mo	$32,500	$24	71
2805 Engleside Dr	0.31mi	3/1.0	1,200 (-8%)	0mo	$54,200	$45	70
2716 Woodside Dr	0.46mi	3/1.5	1,184 (-9%)	0mo	$54,900	$46	63
2813 Brookwood Dr	0.38mi	3/1.0	1,141 (-12%)	3mo	$45,000	$39	57
404 Mcdowell Park Cir	0.72mi	3/1.5	1,358 (+4%)	4mo	$99,000	$73	56
1319 Dorgan St	0.48mi	3/2.0	1,131 (-13%)	1mo	$65,000	$57	53
837 Combs St	0.61mi	4/2.0 (+1)	1,408 (+8%)	1mo	$15,500	$11	50
2081 Shady Lane Dr	0.73mi	3/2.0	1,420 (+9%)	4mo	$12,000	$8	46
3148 Sylvester Dr	0.68mi	4/2.0 (+1)	1,440 (+11%)	0mo	$59,500	$41	43
2920 Lakewood Dr	0.68mi	4/2.0 (+1)	1,125 (-14%)	1mo	$69,900	$62	38

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: 36.4%
• Equity multiple: 2.58×
• Total profit: $26,473
• Equity at exit: $8,946

10-year hold

• IRR: 43.8%
• Equity multiple: 5.43×
• Total profit: $74,354
• Equity at exit: $5,188

Cash invested: $16,800 (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: 4.0×

Monthly cashflow live

• Estimated rent: $1,254 high
• Mortgage (P&I): −$315
• Tax from tax record: −$108 /mo · $1,294/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $543

Break-even live

Break-even rent $566

Max offer price $60,000

Occupancy floor 52%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2729 Carleton St Jackson, MS	4.0	2.0	1666	$1,575	$0.95	14d	1	0.16mi
1126 Barbara Ann Dr Jackson, MS	3.0	1.0	1343	$1,000	$0.74	44d	1	0.22mi
1126 Barbara Ann Dr Jackson, MS	3.0	1.0	1343	$1,000	$0.74	14d	1	0.22mi
2786 Brookwood Dr Jackson, MS	3.0	1.0	1003	$1,100	$1.10	44d	1	0.35mi
2858 Fairhill Dr Jackson, MS	2.0	1.0	900	$825	$0.92	44d	1	0.39mi
2873 Teresa Dr Jackson, MS	3.0	1.0	1100	$1,100	$1.00	44d	1	0.40mi
843 Reaves St Jackson, MS	3.0	2.0	1408	$1,084	$0.77	44d	1	0.40mi
2732 Woodside Dr Jackson, MS	4.0	2.0	1566	$1,050	$0.67	23d	1	0.45mi
2694 Woodside Dr Jackson, MS	3.0	1.0	1509	$1,075	$0.71	14d	1	0.49mi
2694 Woodside Dr Jackson, MS	3.0	1.0	1509	$1,075	$0.71	23d	1	0.49mi
2242 Castle Hill Dr Jackson, MS	4.0	2.0	1500	$1,475	$0.98	14d	1	0.50mi
2242 Castle Hill Dr Jackson, MS	4.0	2.0	1500	$1,475	$0.98	23d	1	0.50mi
1223 Marydale Dr Jackson, MS	3.0	1.0	1300	$950	$0.73	44d	1	0.52mi
1513 Maria Dr Jackson, MS	3.0	2.0	1120	$1,200	$1.07	23d	1	0.57mi
1513 Maria Dr Jackson, MS	3.0	2.0	1120	$1,200	$1.07	14d	1	0.57mi
3147 Bilgray Dr Jackson, MS	3.0	2.0	1850	$1,306	$0.71	44d	1	0.61mi
3152 Bilgray Dr Jackson, MS	3.0	1.5	1200	$1,100	$0.92	14d	1	0.63mi
3030 Oak Forest Dr Jackson, MS	3.0	1.5	1200	$1,100	$0.92	44d	1	0.65mi
3030 Oak Forest Dr Jackson, MS	3.0	2.0	1200	$1,100	$0.92	14d	1	0.65mi
3122 Oak Forest Dr Jackson, MS	3.0	2.0	1421	$1,100	$0.77	44d	1	0.76mi
427 McDowell Park Cir Jackson, MS	3.0	1.5	1308	$1,200	$0.92	14d	1	0.76mi
3151 Shirley Dr Jackson, MS	4.0	2.0	1474	$1,306	$0.89	14d	1	0.77mi
3020 Lakewood Dr Jackson, MS	4.0	2.0	1600	$1,150	$0.72	23d	1	0.77mi
3162 Oak Forest Dr Jackson, MS	3.0	1.5	1280	$1,236	$0.97	44d	1	0.82mi
2904 Marwood Dr Jackson, MS	3.0	2.0	1554	$1,250	$0.80	23d	1	0.82mi
3049 Lakewood Dr Jackson, MS	3.0	1.0	1200	$975	$0.81	44d	1	0.84mi
2401 Coronet Pl Jackson, MS	3.0	1.0	1200	$1,400	$1.17	23d	1	0.85mi
316 Woody Dr Jackson, MS	3.0	1.0	1185	$1,250	$1.05	14d	1	0.86mi
316 Woody Dr Jackson, MS	3.0	1.0	1185	$1,250	$1.05	44d	1	0.86mi
201 W Santa Clair St Jackson, MS	2.0	1.0	1182	$950	$0.80	23d	1	0.93mi
201 W Santa Clair St Jackson, MS	2.0	1.0	1182	$950	$0.80	14d	1	0.93mi
267 Woody Dr Jackson, MS	3.0	1.5	1165	$1,100	$0.94	44d	1	0.93mi
1219 Woody Dr Jackson, MS	3.0	1.0	1058	$1,150	$1.09	23d	1	0.95mi
225 W McDowell Rd Jackson, MS	1.0–3.0	1.0–2.0	900	$1,200	$1.33	44d	18	0.99mi
422 Cooper Rd Jackson, MS	3.0	1.0	1049	$1,426	$1.36	23d	1	1.00mi
360 Cooper Rd Jackson, MS	4.0	2.0	1624	$1,575	$0.97	14d	1	1.01mi
1848 Willaneel Dr Jackson, MS	4.0	2.0	1623	$1,100	$0.68	14d	1	1.10mi
125 Wingfield Ct Unit NA Jackson, MS	4.0	2.0	1797	$1,650	$0.92	23d	1	1.11mi
2915 Longwood Dr Jackson, MS	3.0	2.0	1800	$1,400	$0.78	23d	1	1.12mi
3511 Sykes Park Dr Jackson, MS	3.0	2.0	1225	$1,426	$1.16	14d	1	1.15mi

Listing history 37 events

1. 2026-06-18
   days on market $60,000 Active 160 DOM
2. 2026-06-17
   days on market $60,000 Active 159 DOM
3. 2026-06-16
   days on market $60,000 Active 158 DOM
4. 2026-06-15
   days on market $60,000 Active 157 DOM
5. 2026-06-14
   days on market $60,000 Active 155 DOM
6. 2026-06-13
   days on market $60,000 Active 154 DOM
7. 2026-06-10
   days on market $60,000 Active 152 DOM
8. 2026-06-09
   days on market $60,000 Active 151 DOM
9. 2026-06-08
   days on market $60,000 Active 150 DOM
10. 2026-06-07
    days on market $60,000 Active 149 DOM
11. 2026-06-05
    days on market $60,000 Active 146 DOM
12. 2026-06-03
    days on market $60,000 Active 145 DOM
13. 2026-06-02
    days on market $60,000 Active 144 DOM
14. 2026-06-01
    days on market $60,000 Active 143 DOM
15. 2026-05-31
    days on market $60,000 Active 142 DOM
16. 2026-05-30
    days on market $60,000 Active 141 DOM
17. 2026-04-30
    price $60,000 315-char remark

    Show marketing remark (315 chars)

    This updated home has been well maintained and previously used as a vacation property, offering a move-in ready opportunity for its next owner. Whether you're looking for a primary residence or an income-producing property, this home has strong potential. Call your favorite realtor and schedule your showing today!

18. 2026-02-19
    price $67,500 315-char remark

    Show marketing remark (315 chars)

    This updated home has been well maintained and previously used as a vacation property, offering a move-in ready opportunity for its next owner. Whether you're looking for a primary residence or an income-producing property, this home has strong potential. Call your favorite realtor and schedule your showing today!

19. 2026-01-09
    listed $75,000 Active 315-char remark

    Show marketing remark (315 chars)

    This updated home has been well maintained and previously used as a vacation property, offering a move-in ready opportunity for its next owner. Whether you're looking for a primary residence or an income-producing property, this home has strong potential. Call your favorite realtor and schedule your showing today!

20. 2026-01-02
    price $65,800
21. 2026-01-02
    historical
22. 2025-12-24
    price $65,900
23. 2025-12-09
    price $69,000
24. 2025-11-26
    listed $79,900 Active
25. 2023-06-26
    soldstatus Closed
26. 2023-06-22
    soldstatus
27. 2023-05-26
    status Pending
28. 2023-05-20
    listed $20,000 Active
29. 2021-10-01
    historical
30. 2019-03-18
    historical
31. 2018-07-19
    listed $67,000
32. 2007-03-03
    soldstatus
33. 2007-02-28
    soldstatus
34. 2007-01-06
    listed $64,900
35. 2006-07-24
    listed $74,900
36. 1987-08-24
    soldstatus
37. 1964-09-01
    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: $1,294 · $108/mo
• Projected year-2 tax: $1,294 · $108/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: $15,046
• − Mortgage interest: −$3,361
• − Property taxes: −$1,294
• − Insurance: −$300
• − Repairs & maintenance: −$1,204
• − Management: −$1,204
• − Depreciation: −$1,745
• Taxable income: $5,938
• Est. tax owed @ 24.0%: −$1,425
• After-tax cash flow: $5,091/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

-19.9% since first listed

21 events — show timeline

• 2026-04-30 Price Changed $60,000 MLSU
• 2026-02-19 Price Changed $67,500 MLSU
• 2026-01-09 Listed $75,000 MLSU
• 2026-01-02 Price Changed $65,800 MLSU
• 2026-01-02 Listing Removed — MLSU
• 2025-12-24 Price Changed $65,900 MLSU
• 2025-12-09 Price Changed $69,000 MLSU
• 2025-11-26 Listed $79,900 MLSU
• 2023-06-26 Sold (MLS) — MLSU
• 2023-06-22 Sold (Public Records) — Public Records
• 2023-05-26 Pending — MLSU
• 2023-05-20 Listed $20,000 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2019-03-18 Listing Removed — MLSU
• 2018-07-19 Listed $67,000 MLSU
• 2007-03-03 Sold (MLS) — MLSU
• 2007-02-28 Sold (Public Records) — Public Records
• 2007-01-06 Listed $64,900 MLSU
• 2006-07-24 Listed $74,900 MLSU
• 1987-08-24 Sold (Public Records) — Public Records
• 1964-09-01 Sold (Public Records) — Public Records

Property tax history

+7.1%/yr

Latest (2025): $1,294 · +3.9% YoY. Source: county tax records.