332 N Flag Chapel Rd · Jackson, MS 39209

$48,000

3 bd · 1.5 ba · 1,244 sqft · SingleFamily public records · 29 Days on market

Built 1970 0.50 ac lot Est $72k · 33% under

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks MLS

Great Investment property! The home needs little clean up and updating for a new renter or to make move in ready! Large lot with a fenced in back yard and close to 220 and Clinton. Call your Realtor today! Home is being sold as is.

Key facts

• 0.5 acre lot
• Parking
• Built 1970

🏷️ Possibly a rental listed for sale. The $48,000 price doesn't fit this home's estimated sale value (~$72,152) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $657 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $47k (1.5% below list) — sets the bar for market timing.
• Cap rate 22.7% 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: amenities F, employment F, health & safety 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.
• Zoned schools: Raines Elementary School (math 2% / reading 12%, grade F, #337 of 375 statewide, top 94%, 224 students, 100% FRL); Provine High School (math 4% / reading 15%, grade F, #179 of 197 statewide, top 92%, 774 students, 100% FRL).
• Market conditions: 165 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $5k of equity ($332 loan paydown + $5k appreciation (10.0% local appreciation)).
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask is 4264% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $47,280 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.70% ✓
• Cap rate: 22.72%
• Cash-on-cash: 58.67%
• DSCR: 3.61
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $72,152
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
344 Queen Margaret Ln	0.34mi	3/2.0	1,300 (+4%)	1mo	$74,900	$58	74
135 Queen Anne Ln	0.46mi	3/2.0	1,248 (+0%)	5mo	$64,900	$52	72
5770 Queen Mary Ln	0.43mi	3/1.5	1,184 (-5%)	1mo	$74,900	$63	71
5219 Queen Eleanor Ln	0.20mi	3/2.0	1,424 (+14%)	2mo	$108,500	$76	63
216 Meadowview St	0.40mi	3/1.0	1,352 (+9%)	2mo	$44,700	$33	63
5201 Andover Dr	0.21mi	3/1.0	1,082 (-13%)	6mo	$100,000	$92	62
506 Lowder Dr	0.56mi	3/1.5	1,318 (+6%)	4mo	$62,500	$47	61
5629 Queen Mary Ln	0.51mi	4/2.0 (+1)	1,272 (+2%)	6mo	$90,000	$71	61
664 Queen Julianna Ln	0.58mi	4/1.5 (+1)	1,300 (+4%)	2mo	$65,000	$50	59
667 Queen Cir	0.67mi	3/1.5	1,170 (-6%)	1mo	$124,900	$107	58
131 Queen Joanna Ln	0.56mi	3/2.0	1,376 (+11%)	6mo	$68,000	$49	50
110 Barbara Ave	0.73mi	2/1.0 (-1)	1,065 (-14%)	3mo	$40,000	$38	33

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 71.1%
• Equity multiple: 6.06×
• Total profit: $68,032
• Equity at exit: $43,242

10-year hold

• IRR: 64.9%
• Equity multiple: 13.46×
• Total profit: $167,519
• Equity at exit: $93,253

Cash invested: $13,440 (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 39209

• Home prices YoY: 7.7%
• Active inventory: 165
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,298 medium
• Mortgage (P&I): −$252
• Tax from tax record: −$97 /mo · $1,163/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $657

Break-even live

Break-even rent $467

Max offer price $48,000

Occupancy floor 44%

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: $12,000
• Closing costs: $1,440
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5301 Queen Mary Ln Jackson, MS	4.0	2.0	1100	$1,338	$1.22	14d	1	0.11mi
5629 Queen Mary Ln Jackson, MS	3.0	2.0	1272	$1,395	$1.10	14d	1	0.53mi

Listing history 14 events

1. 2026-04-12
   historical $1,100
2. 2026-03-19
   listed $1,100
3. 2025-12-10
   status Pending
4. 2025-11-11
   listed $48,000 Active
5. 2023-02-27
   soldstatus
6. 2019-08-12
   soldstatus 231-char remark

   Show marketing remark (231 chars)

   Great Investment property! The home needs little clean up and updating for a new renter or to make move in ready! Large lot with a fenced in back yard and close to 220 and Clinton. Call your Realtor today! Home is being sold as is.

7. 2019-08-12
   soldstatus

   Show marketing remark (231 chars)

   Great Investment property! The home needs little clean up and updating for a new renter or to make move in ready! Large lot with a fenced in back yard and close to 220 and Clinton. Call your Realtor today! Home is being sold as is.

8. 2019-05-06
   listed $14,900 231-char remark

   Show marketing remark (231 chars)

   Great Investment property! The home needs little clean up and updating for a new renter or to make move in ready! Large lot with a fenced in back yard and close to 220 and Clinton. Call your Realtor today! Home is being sold as is.

9. 2008-04-16
   soldstatus
10. 2007-02-02
    soldstatus
11. 2002-07-26
    soldstatus
12. 1998-06-12
    soldstatus
13. 1997-10-02
    soldstatus
14. 1978-12-21
    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: $1,163 · $97/mo
• Projected year-2 tax: $1,163 · $97/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 ≥109°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: $15,580
• − Mortgage interest: −$2,689
• − Property taxes: −$1,163
• − Insurance: −$240
• − Repairs & maintenance: −$1,246
• − Management: −$1,246
• − Depreciation: −$1,396
• Taxable income: $7,599
• Est. tax owed @ 24.0%: −$1,824
• After-tax cash flow: $6,061/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): 25,776
• Household income: $36,344
• Rent vs Own: 52.3% rent · 47.7% own
• Severe rent burden: 1627.0

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 (90%)
• Race & ethnicity: Black 90% White 7% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% 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: ▲ 22.28%
• Current HPI: 312.6754
• Rent YoY: —
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-92.6% since first listed

14 events — show timeline

• 2026-04-12 Rental Removed $1,100 SHOWMOJO
• 2026-03-19 Listed for Rent $1,100 SHOWMOJO
• 2025-12-10 Pending — MLSU
• 2025-11-11 Listed $48,000 MLSU
• 2023-02-27 Sold (Public Records) — Public Records
• 2019-08-12 Sold (Public Records) — Public Records
• 2019-08-12 Sold (MLS) — MLSU
• 2019-05-06 Listed $14,900 MLSU
• 2008-04-16 Sold (Public Records) — Public Records
• 2007-02-02 Sold (Public Records) — Public Records
• 2002-07-26 Sold (Public Records) — Public Records
• 1998-06-12 Sold (Public Records) — Public Records
• 1997-10-02 Sold (Public Records) — Public Records
• 1978-12-21 Sold (Public Records) — Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,163 · +4.0% YoY. Source: county tax records.