1003 S Jackson St · Brookhaven, MS 39601

$139,000

3 bd · 1.0 ba · 881 sqft · SingleFamily public records · 61 Days on market

Built 1952 9,147 sqft lot $158/sqft · 8% above area Est $187k · 26% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• 1% rule +3.8/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming home offers 3 bedrooms and 1 bath with a spacious living room, dining area, and flexible space/ sunroom perfect for a home office, playroom, or second sitting area. The home features fresh paint in select rooms, updated lighting, and brand-new carpet, while some original hardwood floors remain adding a touch of character and warmth. An abundance of cabinetry lines the galley style kitchen featuring the perfect moody paint color with generous prep space and stainless steel appliances. A space that's both stylish and functional. Outside, you'll find a 1-car carport, a spacious yard, and a sweet front porch complete with a porch swing, just waiting for quiet evenings. Located in a quiet area inside the city limits of Brookhaven, this spot has long been a crowd favorite. From first-time buyers to retirees, this home offers opportunity for just about anyone. This one deserves a quick peek!

Key facts

• Brand new carpet
• Updated lighting
• Spacious living room

Tags

• SPACIOUS LIVING ROOM
• FLEXIBLE SPACE SUNROOM
• UPDATED LIGHTING
• BRAND NEW CARPET
• ORIGINAL HARDWOOD FLOORS
• ABUNDANCE OF CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $37 ($447/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (11.7% below list).
• Recommended offer: $123k (11.7% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.0% in Brookhaven — 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 66/100 on livability (#96 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime B+; Watch: schools C-, amenities F, commute F.
• Brookhaven School District (town): math 29% / reading 28% proficiency, ranked #73 of 130 in MS (top 56%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 172 active listings in the ZIP; 10 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lincoln County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,776 (11.7% below list)

Questions for the listing agent

1. It's been on market 61 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 1952 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 6.61%
• Cash-on-cash: 1.15%
• DSCR: 1.05
• GRM: 9.4

CMA / ARV

• ARV (median comp): $186,761
• List price: $139,000
• Delta: -25.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-20,148
• Equity at exit: $20,725

10-year hold

• IRR: -5.7%
• Equity multiple: 0.63×
• Total profit: $-14,480
• Equity at exit: $12,018

Cash invested: $38,920 (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 39601

• Home prices YoY: -26.6%
• Active inventory: 172
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,228 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$146 /mo · $1,750/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $37

Break-even live

Break-even rent $1,181

Max offer price $139,000

Occupancy floor 92%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $139,000 Active 61 DOM
2. 2026-06-17
   days on market $139,000 Active 60 DOM
3. 2026-06-16
   days on market $139,000 Active 59 DOM
4. 2026-06-15
   days on market $139,000 Active 58 DOM
5. 2026-06-13
   days on market $139,000 Active 56 DOM
6. 2026-06-12
   days on market $139,000 Active 55 DOM
7. 2026-06-09
   days on market $139,000 Active 52 DOM
8. 2026-06-08
   days on market $139,000 Active 51 DOM
9. 2026-06-07
   days on market $139,000 Active 50 DOM
10. 2026-06-07
    days on market $139,000 Active 49 DOM
11. 2026-06-04
    days on market $139,000 Active 46 DOM
12. 2026-06-02
    days on market $139,000 Active 45 DOM
13. 2026-06-01
    days on market $139,000 Active 44 DOM
14. 2026-05-31
    days on market $139,000 Active 43 DOM
15. 2026-04-18
    listed $139,000 Active 911-char remark

    Show marketing remark (911 chars)

    This charming home offers 3 bedrooms and 1 bath with a spacious living room, dining area, and flexible space/ sunroom perfect for a home office, playroom, or second sitting area. The home features fresh paint in select rooms, updated lighting, and brand-new carpet, while some original hardwood floors remain adding a touch of character and warmth. An abundance of cabinetry lines the galley style kitchen featuring the perfect moody paint color with generous prep space and stainless steel appliances. A space that's both stylish and functional. Outside, you'll find a 1-car carport, a spacious yard, and a sweet front porch complete with a porch swing, just waiting for quiet evenings. Located in a quiet area inside the city limits of Brookhaven, this spot has long been a crowd favorite. From first-time buyers to retirees, this home offers opportunity for just about anyone. This one deserves a quick peek!

16. 2026-04-16
    historical
17. 2026-03-15
    listed $139,000 Active
18. 2016-02-26
    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: $1,750 · $146/mo
• Projected year-2 tax: $1,750 · $146/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $14,733
• − Mortgage interest: −$7,786
• − Property taxes: −$1,750
• − Insurance: −$695
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$4,044
• Taxable loss: −$1,898
• Est. tax savings @ 24.0%: +$456
• After-tax cash flow: $903/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: Brookhaven School District
• NCES district ID: 2800840
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 28% ▼ -6.00%
• Median HH income: $34,498
• Composite: 23.49/100
• National rank: #7874
• State rank: #73 of 130 in MS

Livability — Brookhaven

• Score: 66/100
• State rank: #96
• US rank: #12022

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brookhaven, MS
• City population: 23,748
• Population (ZIP): 23,748

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 34,188 people
• By 2030: 33,627 · -1.6%
• By 2040: 32,089 · -6.1%
• By 2050: 29,981 · -12.3%
• By 2075: 23,581 · -31.0%
• By 2100: 16,413 · -52.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 36% Hispanic / Latino 2%
• Common ancestry: Serbian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 1%
• Languages at home: 99% English-only · Other Indo-European 1%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+45.4) · D 27.0% · R 72.3%
• 2008→2024 swing: -13.2pp toward R · 2008: -32.2pp · 2024: -45.4pp
• All cycles: 2024: R+45.4 2020: R+39.0 2016: R+40.1 2012: R+31.1 2008: R+32.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.93%
• Current HPI: 159.7072
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

4 events — show timeline

• 2026-04-18 Listed $139,000 MLSU
• 2026-04-16 Listing Removed — MLSU
• 2026-03-15 Listed $139,000 MLSU
• 2016-02-26 Sold (Public Records) — Public Records

Property tax history

+9.0%/yr

Latest (2024): $1,750 · -0.6% YoY. Source: county tax records.